Hello, My intentions for these trainings is to go over tax topics you might encounter at a VITA/TCE tax site. To explain things in a way that I hope you understand-- while not overwhelming you. There is a lot a of information, and we really mostly do simple returns, but I would be doing a disservice to you and our clients if I didn't make you at least aware of those 'exceptions to the rules' those things we have to watch for. Remember you do not need to be, nor are you expected to be, an expert. Just know when you need to ask for help, and how to use your PUB 4012. Have a great tax year!
TIP: PAUSE VIDEOs TO MAKE NOTES OR WHEN I ASK QUESTIONS SO YOU HAVE TIME TO PROCESS IT BEFORE HEARING THE ANSWER.
New Volunteer Orientation Part A (For Tax Preparers)
  • What is VITA/VITA Process
  • Standard Deduction, Dependents, Filing Status
  • Educator Expense
  • Student Loan Interest
  • Create Practice Lab account--how to navigate through
  • Enter Basic return
Need before viewing:  PUB 4012 and PUB 6744 page 50-57
Open books (paper version or online--open PDF)

Update: Taxslayer has updated the educator expense adjustment as of 12/7/2022 so the correct AGI for Monica return is $57,375 and Refund is $4,844. The values shown in PowerPoint were based off last year's adjustment amount.
Click Here for PowerPoint of Part A and B combined!
Click here for a PDF of the slides
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New Volunteer Orientation Part B (For Taxpreparers)
Credits- Nonrefundable & Refundable
Calculating Taxable portion of Annuity

Need before viewing:  PUB 4012 and PUB 6744 starting on page 74
Open books (paper version or online--open PDF)

Update: Taxslayer has updated the educator expense adjustment AND education credits as of 12/7/2022 so the correct AGI for Lincoln return is $57,608 and Refund is $4,468. The values shown in PowerPoint were based off last year's educator  adjustment amount.
Capital Gains 
1099-INT
1099-DIV
1099-B
Consolidated Brokerage Statements
Sale of Main Home

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​Click Image to learn more
Self Employment-Schedule C 
       Uber/Lyft Driver
       LPN-Home Health Worker
       Realtor
​and more
 
Maximizing the Education Credit
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In 2014, the IRS began allowing for Pell grants & some scholarships to be claimed as income in order to get more education credits. Learn how to do this--and you could possibly increase your client's refund by up to $2,500. Learn what to watch for & rules that need to be followed-- not everyone qualifies. 

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​Click Image to learn more
HSA- Health Savings Account -- click image for recording

For PowerPoint of HSA training click here

For PDF of HSA training click here
Residential Energy Credit based on the IRS FAQ page shared 12/22/22 by IRS --The Internal Revenue Service today released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40 (Click link to learn more)

For PowerPoint of Energy Credit training click here

For PDF of Energy Credit training click here
Marketplace & Lump Sum Social Security
I was asked to do a training on Marketplace, to explain how it works, who qualifies for the subsidy, and why some people have to repay such large amounts, and some else with a similar income may not. 

​Click Image to learn more
Foreign Student Training-in 2 parts


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Returning Volunteer Information Session

Click image for PDF of presentation

View Recording-click here

For Power Point Click Here
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Home
About
Contact Me
You can contact me at maryvitataxes@gmail.com 
Please note: I, Mary Meador, AM NOT a certified accountant or tax law expert. I volunteer with VITA providing free tax preparation for individuals and families whose income is less than $66,000 a year. We deal with simple returns at our sites.  I cannot guarantee the accuracy of all the information on this site as tax laws change and I may not have a clear understanding of complicated issues. I am trying to provide basic tax preparation information for our volunteers to get started--remember Publication 4012 is your go-to resource for questions, as well as irs.gov and Publication 17.  I hope you find this information useful and easy to understand. Thanks for being a VITA/TCE volunteer!

​All images from our UWLHG Canva account unless promoting the resource linked to​