New River Offers Free Tax Prep
Posted by Carolyn Spohrer at 11:12 AM Coalition Partners | VITA
New River Community Action’s (NRCA) VITA program assisted with filing the Economic Stimulus rebate returns for 138 qualified individuals. NRCA is a coalition partner of the Virginia CASH Campaign.
New River Community Action (NRCA) helped 190 tax filers avoid paying expensive tax preparation or rapid refund fees by providing 51 Federally-trained, certified Volunteer Income Tax Assistance (VITA) preparers at NRCA’s Floyd, Montgomery and Pulaski Area Offices. Volunteers prepared and ?led low-income individuals and families taxes for free with a savings to the tax filers of $38,000 in tax preparation fees.
In addition to the free tax preparation services, volunteers helped determine if tax filers qualified for the federally funded Earned Income Tax Credit (EITC). The EITC is a refundable tax credit for low to-moderate income individuals and families with earned income. The average EITC refund for NRCA’s VITA program was $962 with a total of $76,021 in EITC refunds.
Eleven families were eligible for the Child Tax Credit for an average credit of $1,326, with credits totaling $14,591.
