By the University at Buffalo
During the 2022 tax season, 65 IRS-certified accounting students from the University at Buffalo School of Management brought nearly $300,000 back into the Buffalo Niagara Region through the Volunteer Income Tax Assistance (VITA) program.
Students from the UB Accounting Association and UB’s chapter of Beta Alpha Psi – the international honors organization for accounting and finance students and professionals – led the initiative that provided nearly 1,400 hours of tax service, preparing tax returns for individuals and families with annual incomes below $58,000.
“We’re especially pleased that nearly $40,000 of the total was a result of the Earned Income Credit, which targets low-income families in need of additional financial support,” said Adam Wyckoff, a student in the School of Management and president of the UB Accounting Association. “It means that we helped a number of families who needed it most.”
“Bringing this vital service back to the community after the pandemic took a great deal of effort for our students,” said Paul Tesluk, dean of the UB School of Management. “Despite their class loads and other responsibilities, they rose to challenge and made a positive impact on their community.”
Cumulatively, School of Management student volunteers have brought nearly $13 million in tax refunds back into the Buffalo community since 2008 by preparing more than more than 9,700 tax returns. Approximately $2.6 million was from the Earned Income Credit.
The UB School of Management is recognized for its emphasis on real-world learning, community and economic impact, and the global perspective of its faculty, students and alumni. The school also has been ranked by Bloomberg Businessweek, Forbes and U.S. News & World Report for the quality of its programs and the return on investment it provides its graduates. For more information about the UB School of Management, visit management.buffalo.edu.