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Services provided by VITA at Virginia Law and CASH at Madison House are free.

VITA at Virginia Law, CASH at Madison House:
- Cost of preparing returns (federal and state): Free
- Cost of e-filing returns: Free
- No Refund Anticipation Loan (RAL)
- All tax preparers have passed at least three IRS certification exams

Refunds
- Receive 100% of the refund to which you are entitled (if you are entitled to a refund)
- 5-10 business days to receive refund with e-filing and direct deposit (longer for paper check)
- No fees to receive your refund

Wait & Save
By waiting just a few days in January and having your taxes prepared for free by us, you save between $129 and $473+. That's like working up to 65 hours - or 8 full-time days - at Virginia's minimum wage.

What a Paid Preparer Will Cost You¹

Type of Return	Cost
Federal return + one state return¹	$129
Federal return with itemized deductions + one state return¹	$243
Federal return with self-employment income + one state return¹	$341

What a Refund Anticipation Loan (RAL) Will Cost You²

Type of Fee	Cost
Loan Administration Fee²	$32
Typical 178% APR interest rate on an average refund (7-10 day period)²	$100

- VERSUS -

What We Will Cost You

Type of Return or Service³	Cost
Federal return + up to TWO state returns	$0
Itemized deductions	$0
Self-employment income	$0
Capital gains or losses	$0
Earned Income Credit (EIC)	$0
Retirement Savings Credit	$0
American Opportunity Credit	$0
Lifetime Learning Credit	$0
Additional Child Tax Credit	$0
ANY credit, adjustment, or deduction	$0
Electronically filing (e-filing) your return	$0
Direct deposit of your refund into your bank account	$0
Receiving your refund by check	$0

¹ Based on average cost nationally or the southeast region of the United States; National Society of Accountants, 2010 Fee Study Summary.
² Source: Consumer Federation of America & National Consumer Law Center, Refund Anticipation Loans: Facts & Figures (2006).
² Within the scope of the VITA program and taxpayer requirements.

DISCLAIMER REQUIRED BY THE OFFICE OF THE DEAN OF STUDENTS AT THE UNIVERSITY OF VIRGINIA

"Although this organization has members who are University of Virginia students and may have University employees associated or engaged in its activities and affairs, the organization is not a part of or an agency of the University. It is a separate and independent organization which is responsible for and manages its own activities and affairs. The University does not direct, supervise or control the organization and is not responsible or the organization's contracts, acts or omissions."

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2012 Tax Season Totals

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