Brookings New Factsheet "The Child Tax Credit After ARRA"

Elizabeth Kneebone, Senior Research Analyst, Metropolitan Policy Program at the Brookings Institution has released "The Child Tax Credit after ARRA: How Would Expiration Affect Metropolitan Families?"

"The Child Tax Credit's $3000 earnings threshold put into place by the American Recovery and Reinvestment Act (ARRA) is set to expire after tax year 2010.  This factsheet uses our MetroTax Model to estimate the number of working families that would see their Child Tax Credit (CTC) reduced or eliminated if policymakers allow the CTC's earnings threshold to revert to pre-ARRA levels."

Read more....

Posted by Carolyn Spohrer at 9:00 AM - Categories: Press Releases | VITA

Virginia CASH Campaign Results

VACAP is pleased to announce the final free tax preparation results from its 28 coalitions:

• # federal returns filed electronically- 18,511
• # federal returns filed by paper- 893
• Total federal refunds- $25,901,558
• Tax preparation savings- $3,702,200 (approx $200/return)
• # EITC returns- 6,463
• Total EITC refunds- $9,164,155

See more results....

Posted by Carolyn Spohrer at 11:49 AM - Categories: Press Releases | VITA | Coalition Partners

Harvest Foundation Highlights VITA in Martinsville

The Harvest Foundation supports VITA in Henry County and Martinsville.  The HOPE Initiative's three year old Volunteer Income Tax Assistance Program is highlighted in the Summer 2010 Newsletter.

Posted by Carolyn Spohrer at 10:59 AM - Categories: Flyers | Coalition Partners

Webinar Highlights Now Posted

The State Information Technology Consortium webinar series from the past tax season is now posted for your viewing and listening pleasure.  You can listen to the webcasts and download the presentations.  Many thanks to all our webinar participants for a successful series.

Read more and listen....

Posted by Carolyn Spohrer at 11:16 AM - Categories: VITA | Conferences/Webinars | Financial Education