Free Tax Service Preparation Available To Newark Residents

Capital One funding program several days a week through April 15.

Newark Patch — Sunday, March 10, 2013

Editor Paul Milo

Capital One is funding free tax preparation services to Newark residents several days a week until April 15. The tax preparation service will be provided by the New Jersey Citizen Action Free Tax Preparation Center 165 Halsey St. Sessions will be held Mondays, Tuesdays, Thursdays and Fridays from 10 am to 7 pm and Saturdays from 10 am to 4 pm.

In addition, Capital One offers the following tax prep tips:

Remember to ask if you're eligible for the federal Earned Income Tax Credit, which can be worth up to $6,044. Up to 20 percent of the people eligible for the credit fail to apply for it.
Maximize your contribution to an IRA, (individual retirement account). Making this contribution reduces your taxable income. Those who are 49 or younger can contribute up to $5,000 and those who are older can contribute up to $6,000.
Consider using your refund towards savings.

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