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The Volunteer Income Tax Assistance (VITA) grant program is an Internal Revenue Service (IRS) initiative in the United States that supports free tax preparation service for the underserved through various partner organizations.
The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden's Build Back Better Plan.It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that included provisions related to climate change and social policy.
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The Internal Revenue Service will index subsequent plan years' limits for cost-of-living adjustments. [10] For 2018, this adjustment increases the contribution limit to $2650. [11] Employers have the option to limit their employees' annual elections further. This change starts in plan years that begin after December 31, 2012. [10]
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If you cannot afford a tax professional but need help filing your taxes, visit the IRS free file options or Volunteer Income Tax Assistance (VITA). VITA offers free tax preparation for moderate ...