139992546 YCCAC Volunteer Tax Specialists end season with record high returns, refunds – York County Community Action Corp.
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YCCAC Volunteer Tax Specialists end season with record high returns, refunds

With the close of the 2018 tax season, York County Community Action Corporation is pleased to announce a significant increase in completed federal tax filings, federal refunds, and EITC (Earned Income Tax Credit) over 2017

Mesha Quinn, Coordinator of the YCCAC CA$H program (Creating Assets, Savings and Hope), reports that volunteer tax specialists at YCCAC prepared 577 federal tax returns for York County residents in 2019, an increase of 57 over 2018. The total federal refund was $971,075—an increase of $267,773, or 27.5%—from 2018. There were 632 state returns completed, for a refund total of $290,656.

In addition, 232 Earned Income Tax Credit returns were completed, for a refund total of $415,528, an increase of $67,547, or 16%, from 2018—the highest number of completed EITC returns in the State!

YCCAC’s York County CA$H program provides free preparation of basic federal and state tax returns for those with adjusted gross income below $52,000. All tax prep services are provided by IRS-certified volunteers. Volunteers can help determine what special tax credits clients might be eligible for, such as Earned Income Tax Credit, Child Tax Credit, and Credit for the Elderly and Disabled.

According to the Center on Policy and Budget Priorities, the EITC lifted 5.7 million people out of poverty in 2017, including about 3 million—or more than half of them—children. EITC has kept more children living above the poverty line than any other tax credit program.

“Research indicates that families mostly use the EITC to pay for necessities, repair homes, maintain vehicles that are needed to commute to work, and in some cases, obtain additional education or training to boost their employability and earning power,” states the CPBP.

YCCAC’s Economic Opportunity program is strongly focused on financial wellness. Providing tax services to York County families who might otherwise pay hundreds of dollars for the same assistance—money that could go to better use—is but one way to help families achieve financial stability and independence.

Since 2002, York County CA$H has helped more than 5,500 eligible York County residents collect over $9 million in federal and state tax refunds at IRS-sponsored VITA (Volunteer Income Tax Assistance) sites throughout York County.  York County CA$H is a member of CA$H Maine, a statewide collaboration of ten coalitions, comprised of 50 non- and for-profit partners, working together to help empower Maine individuals and families to achieve long-term financial stability.