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CUs VITA sites help claim 6 million in tax credits
RALEIGH, N.C. (2/13/08)--State Employees’ CU (SECU) and local Government FCU (LGFCU) have saved North Carolina residents $6 million in tax credits since mid-January by serving as Internal Revenue Service (IRS) Volunteer Income Tax Assistance (VITA) sites.
From left: Secretary Reginald Hinton, North Carolina Department of Revenue; Roger Burton, IRS territory manager in the Carolinas; Peggy Gavaghan, area director of Stakeholder Partnerships Education and Communication, IRS; U.S. Rep. David Price (D-4th); and SECU Board Chairman Shirley Bell. (Photo provided by State Employees’ CU)
The two Raleigh credit unions made the announcement Monday at SECU’s Parkway Branch--a VITA site--adding that they also have saved members nearly $700,000 in tax preparation fees. The VITA program offers free tax assistance to people with low-to-moderate incomes and serves North Carolina residents with household incomes of $40,000 or less. Two SECU employees at each branch location are trained as VITA representatives to prepare and electronically file basic tax returns. The focus of the program is to assure that eligible North Carolinians receive special credits such as the Earned Income Tax Credit and the Child Tax Credit. Attending the announcement were U.S. Rep. David Price (D-4th); Secretary Reginald Hinton, North Carolina Department of Revenue; Peggy Gavaghan, area director of Stakeholder Partnerships Education and Communication for the IRS; Roger Burton, IRS territory manager in the Carolinas; Jennifer Cohen, deputy chief of staff with the North Carolina Department of State Treasurer; and SECU’s Board Chairman Shirley Bell. Price commended both credit unions on their efforts to provide an alternative to high interest refund anticipation loans.
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