11/12/08

How is the IRS spending $7.5 million of your taxes?

The IRS is spending approximately $7.5 million in matching grants to support its Volunteer Income Tax Assistance grant program (VITA). The IRS is awarding matching grants to 111 organizations in 46 states and the District of Columbia that plan to offer free return-preparation sites in 2009.

The top locales: TX $590,400, NY $482,175, CA $462,860, and TN $292,585. The AARP Foundation will receive a $600,000 matching grant for its multi-state program.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay.

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