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NCUF Seeking To Help On Tax Program

WASHINGTON - The National Credit Union Foundation will seek to help credit unions find local sites which their low-income members can use to obtain the Earned Income Tax Credit or establish those sites themselves. "Not enough people know about the Earned Income Credit Program," said NCUF Executive Director Gary Officer....

By Staff Writer | Updated on November 18, 2003

WASHINGTON – The National Credit Union Foundation will seek to help credit unions find local sites which their low-income members can use to obtain the Earned Income Tax Credit or establish those sites themselves. “Not enough people know about the Earned Income Credit Program,” said NCUF Executive Director Gary Officer. “Under that program a low-income household can obtain up to $4,000 depending on their income and family circumstances. We want to help make more credit unions aware of the program.” A segment of the Wage and Investment Division of the Internal Revenue Service will provide financial and tax education, free tax preparation sites, and asset building strategies, along with software and other assistance to help credit unions find out about Volunteer Income Tax Assistance (VITA) sites in their area. The NCUF will provide support for VITA in selected cities based on available credit union resources, NCUF funding initiatives, demographic information, and community based partnership activity. Both the foundation and the IRS will promote the program and help identify federal funding resources for VITA partners.

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