As part of our continued commitment to help promote financial stability in our community, the River Region United Way is partnering with Impact America to offer free tax preparation services to qualified working families. The SaveFirst initiative aims to help alleviate some of the stress of tax preparation, while helping ensure that families aren’t missing any ways to save.
Families earning less than $55,000 a year with children in the home, or $20,000 a year without children in the home, are eligible for the service. The service is aimed at assisting families eligible for the Earned Income Tax Credit (EITC), a federal antipoverty program for low-income, working families. Each year, families in the Montgomery area lose millions of dollars to commercial tax preparers to access this benefit.
This was RRUW’s seventh year working with the SaveFirst initiative. In 2019, 30 SaveFirst student volunteers helped more than 1,557 families in the River Region to secure more than $3.1 million in tax refunds, and saved them more than $620,000 in commercial tax preparation fees.
RRUW V.P. of Community Impact Ann S. Cooper, left, with SaveFirst Director Linn Groft.