Income Limits for new filing season

Here are the income limits and guidelines for tax year 2008. Of note is the income limit for MFJ filers with two or more children of $41,646. In the past many marketing and outreach plans capped at those earning less than $40,000.

Note the "Workers making less than" section. Your outreach plans should target them lower income workers who are not used to filing.

• Families with one child who earn less than $33,995 in 2008 (or less than $36,995 for married workers) are eligible for a credit of up to $2,917.
• Families with two or more children who earn less than $38,646 in 2008 (or less than $41,646 for married workers) are eligible for a credit of up to $4,824.
• Workers without a qualifying child who earn less than $12,880 in 2008 (or less than $15,880 for married workers) are eligible for a credit of up to $438.

Workers making less than……

• Single: $8,950
• MFJ: $17,900
• HofH: $11,500

are not required to file a return, but should be encouraged to file since they may qualify for EITC or other tax credits.

Posted by Carolyn Spohrer at 10:21 AM - Categories: VITA

Virginia CASH Campaign: January- April 2008

To complete the big picture of the success of the past tax season, VACAP is pleased to release overall stats of the Virginia CASH Campaign. Because the impact comes not only from the data, but also from the stories of families that have been helped, VACAP has also included memorable quotes from individuals who particiapated in the campaign.

What People Are Saying

“Busiest but most rewarding tax season yet”
“Our volunteers were great”
“My work with VITA was one of the most rewarding experiences I have ever had”
“One lady sat and talked with us about her problems, and then we did her taxes”
“Over this tax season existing partnerships have been strengthened through the EITC Coalition and new ones have been formed”

Posted by Carolyn Spohrer at 10:12 AM - Categories: Press Releases | VITA | Coalition Partners

Common Cents Conference Free Tax Preparation & Beyond

The Common Cents Conference is the first conference to address financial issues across the region of Maryland, Washington D.C. and Virginia. This conference is an opportunity to learn about the financial problems facing residents and innovative program models to help residents achieve all their financial dreams. 

Read more about the Common Cents Conference held in Bethesda, Maryland on September 4-5, 2008.

Posted by Carolyn Spohrer at 12:00 AM - Categories: Coalition Partners