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Publication 5457 (Rev 4-2024) Tax Counseling for the Elderly (TCE) Grant Award Notification Required

Publication 5457 (Rev 4-2024) Tax Counseling for the Elderly (TCE) Grant Award Notification Required-2025

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The document outlines the required actions and information for organizations awarded the Tax Counseling for the Elderly (TCE) grant. It details specific forms that need to be completed, deadlines for submission, and guidelines for establishing a Payment Management System account to access grant funds. The document emphasizes the importance of timely communication with the Grant Program Office and provides additional resources related to managing the TCE program.

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What is a TCE grant?

The Tax Counseling for the Elderly (TCE) grant supports organizations in providing free tax counseling and assistance to those aged 60 or older in preparing their federal income tax returns. The TCE grant provides tax counseling assistance at locations throughout the community that are convenient to taxpayers.

What is a technical assistance grant?

Technical Assistance Grants are designed to provide state and local courts with funding to obtain expert assistance to diagnose a problem, develop a response to that problem, and initiate implementation of any needed changes.

What is exceptional financial need Pell grant?

A Federal Pell Grant is a type of grant that provides funds to help pay for school. Pell Grants are typically awarded to undergraduate students who display exceptional financial need. Unlike federal student loans, Pell Grants dont have to be paid back except under certain circumstances.

What does TCE stand for in taxes?

The IRSs Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer free basic tax return preparation to qualified individuals.

How much do most tax preparers charge?

Understanding the Average Cost of Tax Preparation by CPA Tax SituationAverage Cost Range (USD) Simple (Single, No Deductions) $100 - $200 Moderate (Homeowners, Deductions) $200 - $400 Complex (Investments, Rentals) $300 - $600 Very Complex (Business Owner, Multi-State) $500+