VITA and Working Tax Credits Help Millions of Americans
When one Veteran returned home from deployment, he and his family went to the United Way of Northern Nevada with the dread of an overdue tax bill. Because of the Earned Income Tax Credit and Child Tax Credit, there was no need to worry about making ends meet. More than 380 United Way network affiliates around the Country help low to moderate income workers access their credits through Volunteer Income Tax Assistance (VITA) sites and MyFreeTaxes.com. In 2015, United Way-supported VITA efforts completed nearly two million returns. $2.35 Billion came back to communities including more than $681 Million in Earned Income Tax Credit. Many military and veteran families are being brought into stability through these programs. The EITC and CTC programs allow parents to keep more of what they earn, putting families and children on a path to success. EITC improves children’s health and academic achievement, increasing their chance of going to college. Also, tax credits bring money into communities which can be spent at local businesses, increasing economic activity. VITA has prepared and filed 141 returns helping families receive 350 thousand in refunds in Frederick. Without action from Congress, 50 million Americans could lose part of, or all credits in 2017. Millions of Americans will be impacted as they could fall into poverty or much worse.