BENEFITING: East Bay Asian Local Development Corp.
HOURS PLEDGED: 1,680
Sponsor one of our volunteers for their pledged hours, or donate to this project! Your gift counts!
EBALDC's Volunteer Income Tax Assistance program is committed to increasing the number of low-income families and individuals who claim EITC and receive their income tax refunds. Through our culturally and linguistically competent staff and volunteers, we have made significant strides. We have brought back a total of $3.4 million back to the pockets of low-income households throughout Oakland!!
Our goal is to reach 1,200 households this year.
We rely on generous volunteers (who are also brilliant and are trained for tax preparation!) but we cannot expand our impact without your financial support!
Why is this important?
The Internal Revenue Service estimates that 15-25 percent of the Earned Income Tax Credit (EITC), goes unclaimed by low-income workers every year. This is equivalent to millions of dollars that America’s lowest wage earners are forgoing. Unfortunately, many of the eligible low-income families in our communities do not know that the tax credit exists or are using paid tax preparers to claim the credit. About 67 percent of EITC recipients use paid preparers, which decreases the amount of net credit that they receive, and make them vulnerable to predatory financial products.
You can also Volunteer to make a difference - register today!
Do you want to gain skills in tax preparation, work with people, and feel the rewards of doing something valuable for Oakland communities? Register online today! http://bit.ly/vita2010
80% of refunds are spent locally, boosting the local economy!
New research shows that the economic impact of families receiving their full benefits can be positive for our regional and local economies! Check out United Way of the Bay Area's report to learn more: http://bit.ly/eksimpact