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CU System
Montana CUs VITA sites deemed a success
HELENA, Mont. (6/18/09)--Nearly 2,215 Montana taxpayers took their W-2s and receipts to credit union VITA sites in Montana during the past tax season to take advantage of the free tax preparation and e-filing services offered there. For the fourth consecutive year, Montana Credit Unions for Community Development (MCUCD)--the charitable giving arm of the Montana Credit Union Network--has partnered with credit unions, the Internal Revenue Service (IRS) and local volunteer tax preparers to bring IRS Volunteer Income Tax Assistance (VITA) sites to Montana communities. Thirteen credit unions sponsored 16 VITA sites in the state, said MCUCD. This past season, they filed 1,886 returns worth over $1.3 million in federal refunds back to the communities. Also, more than $300,000 in state refunds was received at credit union sites. This is an increase from 2008, when many nontraditional and elderly tax payers filed to receive the Economic Stimulus payment. MCUCD began supporting credit unions' tax sites in 2006, with two VITA sites completing 92 returns. Sponsor credit unions provide space, supplies, equipment and management for the VITA program. MCUCD provides financial support and technical assistance for the volunteers and credit unions. The IRS certified volunteers are trained to complete uncomplicated returns for people who earn $42,000 or less. For clients served in Montana's credit union sites, the average adjusted gross income was $16,900. Montana's credit union VITA program received financial support from the IRS, the National Credit Union Administration and the National Credit Union Foundation for the 2009 tax season.
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