Thanks to the resources of volunteers and community supporters, GRACE was able to equip qualifying families with tax assistance, financial coaching and $388,455 in tax refunds back to local families.
That amount includes over $150,000 in EIC Earned Tax Incoming Credit and over $43,000 in Child Tax Credit, broadening its significant impact on families in their journey toward self-sufficiency and financial independence.
Each family received an impressive average of close to $2,000 in Earned Income Credit (EIC), which translates into rent, utilities and family savings.
This service is designed for law-abiding residents struggling with a fixed income whose refund would likely been left undiscovered or given a fraction of the return with a costly tax service.
The achievement for each family creates a ripple effect that is far reaching, including the intangible support given during tax season for financial stewardship awareness, job coaching, and continued education resources to increase each family’s earning potential.
These facts and figures are impressive unto themselves, but the impact it has on the community at large is immeasurable.
Community leaders and residents have the opportunity to advocate wise spending practices by volunteering, and GRACE clients often gain a newfound perspective on their finances, ability to provide and their family’s future goals with a family savings plan.
On behalf of these families, we are indebted to the wonderful volunteers who invested their time and expertise in the lives of others.
Want to be a part of what VITA is doing for families?
If you are passionate about helping families overcome hardship through financial education, VITA needs volunteers and financial coaches for 2018. No prior qualification is required to be a VITA volunteer. Volunteers will not be liable for accounting errors, and a staff person will be present at all times.
Tax Preparers will assist families with simple tax returns. Intake Specialists are needed to greet families, ensure they have the necessary documents, and explain the VITA packet. Intake Specialists will attend a one-hour training session. Interpreters are also needed. Reach out to Lara Hohweiler to get plugged in.