February 9, 2022
The American Rescue Plan expanded several important tax credits for families and has altered the landscape of poverty in America. Child poverty rates fell by nearly 40% since the expanded Child Tax Credit (CTC) went into effect, and the expansion of the Earned Income Tax Credit (EITC) will give a boost to 17 million working families at a critical time. However, for these expansions to continue to make huge impacts on families, access to free tax preparation is a necessity. And with more families doing their taxes this year in order to get the balance of their CTC, as well as other critical credits like the EITC, the need for free tax preparation is greater than ever.
Prosperity Now needs your help in sharing the following resources with your communities during (and beyond!) the CTC/EITC Day of Action:
- Volunteer Income Tax Assistance (VITA) programs help workers with limited income keep more of their hard-earned money by providing free tax prep services. To find a VITA location near you, check out the IRS VITA Locator here.
- To work with an online VITA program or do your taxes (for free!) online, go to org.
- For more on where you can find free tax preparation resources, check out gov/triage.
And don’t forget to save the date for VITA Awareness Day on March 16!