Student Money Management saves WSU community estimated $46,000 in tax preparation fees Student Money Management saves WSU community estimated $46,000 in tax preparation fees

The Office for Student Money Management (OSMM) provided access to the website MyFreeTaxes.com for free tax-filing preparation to Wichita State students, faculty and staff with household incomes of $60,000 or less. More than 450 individuals in Wichita used this site, with OSMM serving 366 of these individuals through one-on-one appointments with peer financial coaches (PFC) guiding them through the process of independently filing their taxes.

PFCs answered any questions regarding the tax-preparation software. International tax preparation was completed using GLACIER Tax Prep (GTP) provided by the Office of International Education.

It is estimated that OSMM helped save the WSU community more than $46,000 in tax preparation fees based on national averages for nonitemized filing. The number of students taking advantage of this free tax preparation service doubled from 2014 to 2015.

Tax preparation is often the first step in completing the FAFSA and is beneficial for families in finding financial assistance for college. For a list of other financial services offered by OSMM, visit http://www.wichita.edu/OSMM