Walmart Foundation Helps Many Families Prepare and File Taxes for Free in Difficult Times
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Tax season is here, and with it comes questions about tax credits, deductions and filing. To help, the Walmart Foundation has partnered with United Way Worldwide, One Economy Corporation and the National Disability Institute (NDI) to help eligible taxpayers prepare and file their taxes. Building on the success of last year’s similar program, a $4 million grant from the Walmart Foundation will be shared among the program partners and is expected to help return $1 billion in total tax refunds, credits and tax preparation savings. As many continue to experience the effects of a challenging economy, the partnership’s goal is to establish a more integrated and accessible program that helps Americans live better lives. Helping those who need it mostThe initiative will also educate consumers and provide free preparation and filing for those eligible for the Earned Income Tax Credit (EITC) – a federal income tax credit for low-to moderate-income individuals and families. EITC can be a financial boost for working people hit by hard economic times; however, one in four eligible taxpayers overlooks it. This partnership is helping those who need it most. Specifically, through the partnership:- United Way Worldwide will help Americans who earn less than $49,000 with free tax and EITC filing at 91 community-based tax preparation sites.
- Taxpayers earning less than $58,000 per year can take advantage of the MyFreeTaxes.com national tour. Equipped with One Economy’s online tax-filing technology and IRS-trained tax professionals, the tour will visit 30 communities across the U.S.
- The NDI’s Real Economic Impact Tour will help qualifying taxpayers with disabilities who earn $49,000 or less. Funding from the Walmart Foundation allows NDI to expand its disability-inclusive tax assistance programs, including making free tax preparation sites and online tools accessible to disabled filers.
In 2009, Walmart Foundation helped more than 650,000 people receive tax refunds, credits and tax preparation savings totaling more than $950 million.
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