Free Tax Help On-Line and On-Site: Virginia News Connection

Richmond, VA- From the Virginia Community Action Partnership

"We have 28 coalitions across the Commonwealth that are providing free tax preparation services, and are encouraging folks to claim all the credit to which they are entitled, especially the Earned Income Tax Credit," says Carolyn Spohrer.

Read more and listen....

Posted by Carolyn Spohrer at 10:57 AM - Categories: Coalition Partners | Press Releases | VITA

Financial Literacy Month Proclamation

President Obama has signed the proclamation naming April as National Financial Literacy Month.

Read the proclamation....

Posted by Carolyn Spohrer at 1:05 PM - Categories: Coalition Partners | Financial Education | Press Releases

Clinch Valley Community Action Hosts Financial Fair

North Tazewell, Va.- Your Money Matters

Clinch Valley Community Action will host a Financial Fair on February 11, 2011.  Among the many exhibitors will be BB&T and the Bank Bus.

Get more information....

Read Clinch Valley's Free Tax Preparation Press Release....

Posted by Carolyn Spohrer at 10:55 AM - Categories: Coalition Partners | Financial Education | Flyers | Press Releases | VITA

Staunton Neighbors Help With Tax Filing

WHSV.com- Satunton, Va.

The Community Action Partnership for Staunton, Augusta County and Waynesboro (CAPSAW) is working with low-income families to file their taxes for free.

Read more....

Posted by Carolyn Spohrer at 9:57 AM - Categories: Press Releases | VITA

Federal VITA Grants Announced

Congratulations to four Virginia agencies who were successful in receiving the Federal VITA grants this year.

•  Fairfax County- $73,477

• Pittsylvania County Community Action - $32,125

• Rappahannock United Way- $18,750

• Thomas Jefferson Area United Way- $30,375

You can see the whole list here…..http://www.irs.gov/pub/irs-utl/vita_grant_recipients_2011-110510.pdf

Posted by Carolyn Spohrer at 3:08 PM - Categories: Coalition Partners | Press Releases | VITA

New from Brookings: Tinkering with the EITC

"While You Were Sleeping: Tinkering with the Earned Income Tax Credit" by Alan Berube, Senior Fellow and Research Director, Metropolitan Policy Program at Brookings

"Last week was an active one for America's stealth anti-poverty policy- the Earned Income Tax Credit (EITC)- though you'd be forgiven for not noticing.  A couple of decisions, made with little fanfare, should have big implications for how low-income taxpayers receive the credit in the future."

Read the article from Brookings....

Posted by Carolyn Spohrer at 12:48 PM - Categories: Press Releases | VITA

Brookings New Factsheet "The Child Tax Credit After ARRA"

Elizabeth Kneebone, Senior Research Analyst, Metropolitan Policy Program at the Brookings Institution has released "The Child Tax Credit after ARRA: How Would Expiration Affect Metropolitan Families?"

"The Child Tax Credit's $3000 earnings threshold put into place by the American Recovery and Reinvestment Act (ARRA) is set to expire after tax year 2010.  This factsheet uses our MetroTax Model to estimate the number of working families that would see their Child Tax Credit (CTC) reduced or eliminated if policymakers allow the CTC's earnings threshold to revert to pre-ARRA levels."

Read more....

Posted by Carolyn Spohrer at 9:00 AM - Categories: Press Releases | VITA