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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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