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Tax service brings money back to WNY
Over the past 10 weeks, 179 IRS-certified accounting students from the School of Management brought $992,000 back into the Buffalo community through the Volunteer Income Tax Assistance (VITA) program.
UB’s chapter of Beta Alpha Psi, the international honors organization for accounting and finance students and professionals, led the initiative that provided nearly 2,200 hours of tax service, preparing more than 700 tax returns for individuals and families with annual incomes less than $49,000.
“We’re especially pleased that more than $171,000 of the total was a result of the Earned Income Credit, which targets low-income families in need of additional financial support,” said Ryan Linden, a junior in the School of Management and co-chair of the Beta Alpha Psi’s VITA committee. “It means that we helped a number of families who needed it most.”
“We could not be more proud of our students and the impact they have made on the community with this initiative,” said Arjang A. Assad, dean of the School of Management. “Despite their class loads and other responsibilities, these students have been working virtually every weekend since January to make this program the outstanding success that it has been.”
Cumulatively, student volunteers have brought nearly $2 million in tax refunds back into the Buffalo community over the past three years by preparing more than more than 1,700 tax returns for low-income families. Approximately $400,000 was from the Earned Income Credit.
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