Capstone’s Volunteer Income Tax Assistance program brings over $1M economic stimulus to lower-income central Vermonters

06 March 2017

Capstone’s Volunteer Income Tax Assistance program brings over $1M economic stimulus to lower-income central Vermonters

For Immediate Release

Contact:  Yvonne Lory, Capstone Community Action
Phone: (802) 479-1053
Email:
ylory@capstonevt.org 

 

Capstone’s Volunteer Income Tax Assistance program brings over $1M economic stimulus to lower-income central Vermonters

 

(Barre, VT) Capstone’s Volunteer Income Tax Assistance program provides free tax preparation services to more than 1,000 lower income households, helping them access important tax credits, including the Earned Income Tax Credit (EITC), bringing more than $1 million in returns to local households.

In 2016, Capstone’s VITA program helped 1,292 households prepare and file their state and federal taxes, generating $1.4 million in refunds to individuals that went back into our local economy.

 

“These returns act as an important economic stimulus for those we serve and are often the single largest influx of revenue during the year,” states Mary Niebling, Capstone’s Director of Community Economic Development. “Funds typically go towards basic life necessities, such as paying heat and utility bills during the cold months; car repairs so a person can get to work; and healthcare expenses, such as taking their children to the dentist. These funds are often critical to creating a level of stability in the lives of those we serve.”

 

The EITC is considered by many to be the nation’s most successful anti-poverty program. The EITC and other tax credits elevated over 9.2 million Americans out of poverty in 2015, according to the Center for Law and Social Policy.

“VITA is an outstanding program for Vermonters whose income was up to $54,000 in 2016 and can get their state and federal taxes prepared for free by our IRS- certified volunteers who also ensure taxpayers receive any eligible credits like the EITC.” says Dan Hoxworth, Capstone’s Executive Director. “This 26 year old program exemplifies Capstone’s mission to alleviate the suffering caused by poverty by building sustainable households and communities.”


Capstone’s Volunteer Income Tax Assistance program operates in eight locations across central Vermont, running through April 15th.  To find out more details about the VITA program, please contact cedinfo@capstonevt.org, or call (802) 477-5148 or visit Capstone’s website.


The Volunteer Income Tax Assistance program is one of several Capstone programs that contribute to the economic vitality of individuals and community.  Other community and economic development programs include financial literacy coaching, Micro Business Development, the Childcare Food Program, and the Community Kitchen Academy in Barre. 


Capstone Community Action was founded in 1965 and works to alleviate the suffering caused by poverty and to create economic opportunity for people and communities.  Capstone’s programs include emergency food assistance, emergency heat and utility assistance, housing counseling including homelessness intervention, transportation assistance, community economic development, and child and family development programs in Early Head Start/Head Start. We serve more than 15,000 people through these programs each year. http://www.capstonevt.org.

 

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Our Locations

Washington County

20 Gable Place, Barre, VT 05641
1-800-639-1053 or (802) 479-1053

Lamoille County
197 Harrel Street, Morrisville, VT 05661 1-800-639-8710 or (802) 888-7993

Orange County East
P.O. Box 500, 22 Whistle Stop Way, Bradford, VT 05033
(802) 222-5419

Orange County West
PO Box 284, 12 Prince Street, Randolph, VT 05060
1-800-846-9506 or (802) 728-9506

Mad River Valley
Evergreen Senior Center, 5308 Main Street, Waitsfield, VT 05763
(Located in building basement.) 802-496-6900


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