Welcome Taxpayer

Become Money Smart

Take control over your finances and money. Learn how to save, how to make your money work for you, why short-term loans may hurt more than they help, and much more!

Special Savings Account program for selected financial literacy cours participants. Check the Money Smart section of this website for more information.

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2006 Taxes:

$47,078 refunded in 2007

to local residents who e-filed with the Malden Tax Partnership

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Volunteers Needed (click Volunteer Match to read description):  

2006 Tax Return Results are available here!

Special FDIC News Articles:
51 Ways to Save Hundreds on Loans and Credit Cards

Financial Education
Survey Shows FDIC's Money Smart Program Improves Consumers' Money-Management Practices and Financial Confidence

Are You Considered Low Income?

Are You a Low Wage Earner?

What does that mean? How low is “low?” Why is it important? 

If you work (earn wages) but don’t make much money, you’re a low-wage earner. We are using 200% of the Federal Poverty Level as our guideline, so the chart below will help you determine if you qualify for free tax preparation. 

*200% of FPL (Federal Poverty Level) adjusted for family size 1 Person 2 People 3 People 4 People 5 People 6 People 7 People 8 People $20,420 $27,380 $34,340 $41,300 $48,260 $55,220 $62,180 $69,140

It’s important to know if you are considered low-income for two reasons. 

• First, if you are low income, you can get your taxes prepared by trained volunteers for free! 
• Second, many low-wage earners are eligible for a federal tax refund called the Earned Income Tax Credit (EITC) that can increase your refund or give you a refund even if you thought you weren’t going to get one! The amount of the credit varies greatly and depends on:
• how much (or little) you earned for the tax year, and
• the number of people in your family (even single people can be eligible).

How Do I Know if I Qualify for the EITC?

Calculating the EITC refund isn’t exactly easy for individuals not trained in preparing taxes. But it is fairly easy to figure out if you qualify for the EITC. The Malden Tax Partnership has prepared a chart to help you figure it out. We’ll even help you determine if you qualify and prepare your tax return so you get all the refund you deserve—at no charge! 

Get Your Taxes Done by Trained Preparers for Free!

Why spend part of your tax return getting your taxes done when you can get it done for free? All the people preparing tax returns with the Malden Tax Coalition are volunteers who are trained by the IRS. This is for low-income residents only. It is part of the IRS’s effort to make sure that low-income residents get all of their tax return and don’t have to spend part of the return to get their taxes prepared. 

Remember, almost all low-income residents can get their taxes prepared by us. We’ll automatically check to see if you qualify for the EITC as well. Some tax returns for low-income residents may be more complicated than we can handle, but the Bentley College Low-Income Tax Clinic is one of our Coalition members. They will be able to handle any complicated returns and their services are also free. 

When and Where Can I Get My Taxes Prepared?

From February 9 through April 14, 2008, the Malden Tax Partnership will prepare taxes for low-income residents at the Cyber Café @ Malden Square. Taxes will be prepared by scheduled appointment only, so you’ll have to call 1-866-833-2823 after January 25 to schedule an appointment. NO WALK-INS! Taxes will be prepared during daytime, early evening, and on Saturdays. We may add one other site as well. 

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Tax preparation is conducted by IRS-sponsored and trained volunteers at the Cyber Cafe @ Malden Square,
Website designed and maintained by Murray Learning Associates