news & events

02.08.06
FREE TAX PREPARATION OFFERS CONVENIENCE TO LOW-INCOME WORKERS

There are several different options when it comes to free tax preparation in Knoxville. Most sites are open on a regular basis, usually one or two times a week for a set number of hours. Scattered throughout tax season, however, there are a few additional one-day community sites that aim to make free tax preparation convenient for low-income individuals and families.

On February 12, Sacred Heart Catholic Church will host free tax preparation services, and will also provide opportunities for taxpayers to learn how to improve their financial futures. Spanish-speaking tax preparers will be available. On February 13, Inskip Elementary will be the site of a free community tax site from 3-6 p.m., making it easy for parents picking up children from school to have their taxes prepared.

Another valuable resource available to low-income workers and their families is the earned income tax credit (EITC). Depending on income and family size, eligible taxpayers can receive up to $4,400. There are over 15 free tax preparation sites in Knox County, all staffed with trained volunteers who can help taxpayers file for EITC. These sites allow the taxpayer to pocket the full amount of his or her refund, without having to spend money on tax preparation fees. Information about free tax preparation sites is available by calling 2-1-1 East Tennessee Information & Referral, a United Way community partner.

EITC is a valuable resource for low-income individuals and families which is often used to pay rent, utility, or other bills or to open a bank account. For some families, this refund can amount to a 40 percent boost in available income; however, according to the IRS, up to 25 percent of eligible Knox County residents fail to claim this tax credit.

Because the money received from the EITC can offer a unique wealth-building opportunity for low-income residents of Knox County, United Way believes it is one of the most effective ways to help people achieve self-sufficiency.

United Way of Greater Knoxville is a local, independent organization dedicated to improving lives by building a better community. In partnership with 50 agencies, local business, community leaders and ordinary citizens, United Way tackles issues that matter most. By working together, we provide a safety net of services addressing Knoxville's most basic needs while working toward lasting change.

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