Nearly $30 million in earned income tax credit goes unclaimed annually.
Anyone who works and has a household income below $54 thousand in 2016, may be eligible for free tax preparation services and a quick refund.
In the last two years, United Way of Acadiana helped put $9 million back in the hands of families through the volunteer income tax assistance program.
“So many people are being dragged into utilizing the rapid anticipation loans, some of these predatory lending practices that are existing and so we try to provide pretty much the alleviation of using those types of services,” explains Aaron Williams, community collaborations manager.
Volunteers have helped thousands of residents file their taxes and claim a total of two million out of the 30 million in earned income tax credit that goes unclaimed annually.
“The earned income tax credit is one of the most alluding for working income families and they need it the most,” says Williams.
The misconceptions on your filing status can cause problems during the process are listed.
“Different and mixed households where individuals are raising kids and co-parenting from different households. And past filing. Did you forget to file your taxes the previous year,” Williams says.
This isn’t the only form to file for free. Individuals who do not meet the low to moderate income threshold can also find free services online.
“You can avoid paying the software fee for turbo tax and any other company you can use myfreetaxes.com and can still get it done for free,” says Williams.
United Way wants to remind the public that their services do not include long-form or itemized filing.
Their first super tax day is scheduled for Monday, February 17th at Northside high school.