Free Tax Preparation
Each year during tax season (January – April 15), CAP provides free tax preparation assistance to thousands of Tulsa families with annual incomes of $50,000 or less, and singles with incomes of $40,000 and less. In 2009, CAP served nearly 17,000 clients and returned more than $29 million to the Tulsa community.
The goal of CAP's tax program is to decrease poverty and to expand economic independence in Tulsa by increasing the participation rate and use of the Earned Income Tax Credit (EITC) by eligible low- and moderate-income working people. The EITC credit is worth up to $5,675. The EITC is our nation's largest and most important anti-poverty program, lifting more children out of poverty than all other means-tested government programs combined.
CAP provides tax preparation services free of charge to eliminate the additional expense of commercial tax preparation that can burden a low-income family. This service also helps clients avoid the high interest loans that some commercial tax preparers charge for "refund anticipation loans."
Our IRS-trained and certified preparers assist in preparation of simple federal and state tax forms, and help maximize your refund by filing for all appropriate tax credits (such as the EITC and Child Tax Credit). We file your return electronically to speed your receipt of earned refunds. You may also choose to have your refund deposited directly into your bank account.
In addition to tax preparation services, we offer our tax clients other asset-building opportunities, such as the option of establishing bank accounts free of charge through Bank of Oklahoma; screening of public benefits; and, for families with 8th and 9th grade students who qualify, the option to apply for Oklahoma’s Promise, a publicly funded scholarship program. We also offer refund-splitting options that allow taxpayers to have their direct-deposit refunds allocated to up to three checking and/or savings accounts. In conjunction with refund splitting, CAP provides clients with the option to invest in savings bonds.
For more information about our program or questions about your taxes, email us or call (918) 382-3333.
