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Business Beat

January 9, 2013

Chenango group offers free tax prep for some

If you’re a Chenango County resident who earned less than $50,000 in 2012, you may qualify for free tax preparation.

Trained community volunteers can help participants with special credits, such as the earned income tax credit (EITC), child tax credit, and credit for the elderly. According to a press release for the service, electronic filing ensures that taxpayers will receive refunds in two weeks.

Hundreds of families/individuals took advantage of the program last year to have their income taxes prepared by IRS-certified volunteers. More than $1.75 million in tax returns were refunded, with nearly two-thirds coming from the EITC.

Daytime, evening and weekend appointments are available, Tuesdays through Saturdays, from Jan. 26 through April 4 at locations throughout Chenango County. Before

calling for an appointment, please be sure you have all of your tax documents and information available for review.

Appointments will be available at Cornell Cooperative Extension and Roots & Wings, both in Norwich. To arrange an appointment, call the Cooperative Extension at 334-5841, ext. 11.

Seniors 60 and older are eligible for free tax return preparation regardless of income. For an appointment, call the Chenango County Area Agency on Aging at 337-1770.

The program is an initiative of the EITC Partnership Committee, which includes Chenango United Way, Cornell Cooperative Extension, Opportunities for Chenango, Colgate University, the IRS. the American Association of Retired Persons, GHS Credit Union, NBT Bank, M&T Bank (formerly Partners Trust), SUNY Morrisville, the Chenango County Department of Social Services and the Chenango County Farm Bureau.

Tax break on solar

purchases

Tax breaks are now available for solar energy equipment in commercial buildings, according to the New York State Department of Taxation and Finance.

Beginning Jan. 1, 2013, the state’s 4 percent sales tax won’t be charged on the sale or installation of commercial solar energy systems equipment. The new law also allows cities and counties, including New York City, to provide a similar exemption from their local sales taxes.

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