FREE TAX PREPARATION for RHODE ISLAND RESIDENTS
Executive Director, RICAA
RI) – Rhode Island residents who make $54,000 a year or less may be entitled to
an Earned Income Tax Credit as well as free tax preparation.
Island Community Action Agencies (RICAA), the Citizens Bank, and the United Way
of Rhode Island are partnering on Friday, January 29th at 10am at
the Rhode Island State House to announce a public awareness campaign promoting
free tax preparation.
campaign will educate Rhode Islanders of about the IRS’ Earned Income Tax
Credit (EITC) program and its benefits to individuals and married couples.
Sheldon Whitehouse, Congressman Jim Langevin, Governor Gina Raimondo, Treasurer
Seth Magaziner, and Senate President M Teresa Paiva-Weed are supporting the public
awareness campaign launch, along with other governmental officials.
is President/CEO of Comprehensive Community Action and Board Chair of the RI
Community Action Association, which is comprised of the state’s eight Community
Action Agencies and serves more than 155,000 Rhode Island households each year.
“The maximum Earned Income Tax Credit savings a filer can be eligible for in
2015 is $6,242,” said McGunagle, “We see working Rhode Islanders struggling
every day. The Earned Income Tax Credit is a resource working families can use
to offset expenses or to save for the future to build their economic
eligible Rhode Islander should forgo the Earned Income Tax Credit, which can
add thousands of dollars to a family budget,” said Whitehouse. “Free tax preparation services offered by
VITA can help Rhode Islanders claim this credit and get larger refunds. Thank you to the Rhode Island Community
Action Association, the Citizens Bank, and the United Way of Rhode Island for
partnering in this important work.”
Earned Income Tax Credit makes a tremendous difference for Rhode Island
families grappling to make ends meet, and that money is often funneled back
into our local economy as taxpayers purchase much-needed resources for their
families,” said Congressman Jim Langevin. “Too many Rhode Islanders are unaware
that they can take advantage of this free tax preparation service, and I
applaud our community action agencies, Citizens Bank and the United Way for
highlighting this important service.”
Island economy is stronger because much of the money is spent locally and tax
credits to working families benefit our state.
Taxpayers will also benefit from an increase to the local Earned Income
Tax Credit in the Governor’s 2015 budget.
the Earned Income Tax Credit is one of the best ways to put money back into the
pockets of hardworking families,” said Governor Raimondo. “That is why last
year, I worked to increase the EITC from 10 percent to 12.5 percent. This year,
I look forward to building on this advocacy, as part of my commitment that all
will have the opportunity to make it in Rhode Island.”
2014 tax year, the earned income tax credit combined with all other credits
brought more than $9 million dollars to the state of Rhode Island through the
free Volunteer Income Tax Assistance (VITA) Program administered by the Rhode
Island Community Action Agencies.
Way of Rhode Island supports the Volunteer Income Tax Assistance program (VITA)
to help low and moderate income workers claim the refunds and credits they’ve
earned. Statewide, we invested $200,000 last year to support VITA programs,
which helped 11,500 people file their taxes and brought $17 million to our
local economy, $9 million of that through the community action programs. With
refunds ranging from a few hundred to a few thousand dollars, the cash helps
workers’ pay off debt, take care of home or car repairs, buy clothing or other
necessities for their children, or open a savings account.”
“Citizens Bank has proudly supported the EITC/VITA Program
and public awareness campaign for the past nine years. Helping thousands of
Rhode Islanders with free tax preparation and financial literacy coaching, this
program puts hard-earned dollars back in their pockets while teaching the
skills required to make educated spending choices,” said Barbara Cottam, Rhode
Island Market Executive, Citizens Bank.
“This campaign increases awareness of an important resource that can
help Rhode Islanders improve their financial stability and achieve economic