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News Now

CU System
Michigan CUs free tax help saves families 5.7 million
NORTHVILLE TOWNSHIP, Mich. (3/28/08)--Michigan credit unions have already put more than $5.7 million into the pockets of Michigan families in the form of tax credits and refunds, with a few weeks still remaining before the tax filing deadline. In January, about 100 credit unions began offering “Just file it! We’ll help. Free tax preparation for those who need it most”--a Web-based tax service. It is designed to help filers claim refunds that go overlooked, including the Earned Income Tax Credit (EITC), which can be as high as $4,500 for low-income, working households. In three months thus far in 2008, last year’s total of $2.7 million in returns has been exceeded, and the program has helped more than 2,500 filers. “With so many Michigan families facing uncertain financial times, there’s no question this program has been extremely valuable to lower-income households struggling in a tough economy, and we’re proud credit unions could be a part of it,” said David Adams, Michigan Credit Union League president/CEO. “Just File It has helped taxpayers claim refunds and returns they may not have known existed--and this money is going right back into our state economy and helping people stay in their homes and put food on the table,” he added. All that is needed to use the Just File It! program is a computer, Internet access, a Web browser and a printer. The program--offered in English and Spanish-- uses a free, Web-based software program, posing questions to users and offering assistance via tutorials.


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