Prosperity Center Helps Families Save More of their Hard-Earned Money

 

FREDERICK, MARYLAND – Free tax preparation is a key component of the Prosperity Center's community goal to cut the number of lower-income families who are financially unstable, currently estimated at 16,000. This year alone, IRS-certified volunteers at the Prosperity Center have prepared and filed 516 returns helping bring back $872,351 in refunds to our community.

“Even though our service is free, we are making sure that it is high quality. Families not only save two or three hundred dollars they would have paid elsewhere, but they also get their maximum refund,” said Rebecca Full, VITA Site Coordinator.

Each year, 3,100 Frederick families fail to claim as much as $6.2 million in tax credits — about $2,000 per household. At the Prosperity Center, volunteers help families making less than $54,000 annually get their taxes prepared for free and ensure they are claiming important tax credits like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). Families making less than $62,000 can also file for free online using United Way’s MyFreeTaxes.com.

Angie Liddiard, previously the Prosperity Center manager, said, “We are not here to put a band aid on a problem but to help people achieve long-term financial stability. A lot of our clients choose to invest their refunds into our matched savings program and sign up for financial literacy classes. These programs really help them transform their lives.”

The Prosperity Center is always looking for volunteers, especially tax preparers and Budget Coaches. To learn more about volunteer opportunities and about the matched savings program and financial literacy classes, visit unitedwayfrederick.org/volunteer.