People Incorporated of Virginia offers Homeownership Program

The Homeownership Program at People Incorporated of Virginia offers median to low income clients the financial  know-how, construction supervision and HUD-certified training necessary to purchase or construct their own home.

For more information about the program you can download two program flyers:

Homeownership brochure....

Brochure #2....

Posted by Carolyn Spohrer at 1:36 PM - Categories: Flyers | Financial Education

Tax Law Changes to Keep in Mind

According to John Trevillian,  IRS Senior Tax Consultant, there are several tax law changes to keep in mind as a result of the American Recovery and Reinvestment Act of 2009 (ARRA):

• Temporary increase in earned income credit
• Temporary increase in refundable portion of child tax credit
• American Opportunity Tax Credit which makes temporary changes to the education credits (a portion will be refundable)
• A portion of unemployment compensation ($2,400) can be excluded on a taxpayer's 2009 tax return

For more information please visit the IRS website  and look for Publication 553, Highlights of 2008 Tax Changes.

Posted by Carolyn Spohrer at 9:02 AM - Categories: VITA

Final Coalition Report Due June 1, 2009

VACAP reminds all EITC grantees that the final coalition report for tax year 2008 is due by June 1, 2009. 

Download the report template....

Posted by Carolyn Spohrer at 2:20 PM - Categories: Coalition Partners | Funding Opportunities

RuFES Webinar Opportunity on May 14, 2009

Strengthening Rural Families, the Rural Family Economic Success Network (RuFES) is hosting a free webinar on May 14, 2009.  The webinar will help answer these four questions:

·         What's the economic stimulus package got to do with—and for—RuFES? (AKA: The American Recovery and Reinvestment Act)

·         What are the top two or three opportunities in the stimulus package that might help RuFES action teams Earn It? And Keep It? And Grow It?

·         How can your community access and influence stimulus funds?

·         What general opportunities in the package might help your entire RuFES effort?

Learn more about the webinar and register....

Posted by Carolyn Spohrer at 1:49 PM - Categories: Conferences/Webinars | Funding Opportunities

Carsey Institute: Child Tax Credit Expansion

According to a new Issue Brief by the Carsey Insitutue, more than 500,000 rural families with an estimated 900,000 rural children will become eligible for the Child Tax Credit for the first time in 2009 and 2010.

Read the article....

Posted by Carolyn Spohrer at 3:11 PM - Categories: Press Releases

Progress Report #4 Due April 30, 2009

VACAP reminds all coalition partners that Progress Report #4 is due on April 30, 2009.  This cumulative report should include data from TaxWise, total paper returns filed and education and outreach numbers as well. 

Download Progress Report #4....

Reminder: Final Coalition Reports are due on June 1, 2009.

Posted by Carolyn Spohrer at 10:37 AM - Categories: Coalition Partners

Henry County Schools Financial Literacy Fair

Over two days, 440 Henry County high school students participated in a Financial Literacy Fair, a reality program that simulates real-life financial situations and may help better prepare students for the realities of uncertain economic times.

Read more....

Posted by Carolyn Spohrer at 1:38 PM - Categories: Coalition Partners | Financial Education