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  Features

Mayor Greg Fischer Newsroom


Louisville Asset Building Coalition announces free tax assistance campaign

Wednesday January 14, 2004

Corissa Phillips, Communications Manager Phone: (502) 581.7206 E-mail: cphillips@cwfempower.org (Louisville)

The Louisville Asset Building Coalition (LABC) announced its 2004 FREE TAX PREPARATION SITES during a press conference with the Mayor at Metro Hall on Wednesday. Ten Louisville FREE tax-preparation sites will begin opening on January 15, 2004. Volunteers trained by the IRS will file FREE tax returns of low-income workers and ensure receipt of the Earned Income Tax Credit (EITC) and other federal state credits.

The Louisville Asset Building Coalition is empowering families to use their EITC refund to pay off debts, save for homes, start businesses and attend post-secondary education by connecting free tax-preparation sites with financial skills-building resources and services. Last year, the LABC prepared 1,367 returns resulting in $1,889,174 in total refunds, of which $922,457 was EITC.
 
LABC is a broad-based collaborative effort dedicated to promoting financial stability for individuals and families. By providing both direct services and links to other community resources, the coalition strives to build an economic foundation that will allow members of our community to reach their highest potential.
 
Representatives from the LABC core planning organizations, including The Center for Women and Families, Americana Community Center, Kentuckiana Works, Community Resource Network, Internal Revenue Service, Members First Federal Credit Union, Metro United Way, New Directions Housing Corporations and Wesley House Community Services began the Louisville free tax preparation and EITC outreach effort three years ago. The coalition’s goals are to establish neighborhood-based free tax preparation sites, to make mainstream financial services easily accessible and to connect people to asset development opportunities.
 
In October, 2002, the Annie E. Casey Foundation established the National Tax Assistance for Working Families Campaign. The campaign seeks to build the capacity of participating local campaigns and increase national attention to the importance of the Earned Income Tax Credit, free or low-cost tax preparation services, and asset development for low-income working families.

Major cities participating in similar efforts are: Atlanta, Baltimore, Boston, Camden, Chicago, Denver, Des Moines, Hartford, Indianapolis, Louisville, Miami, Milwaukee, New Orleans, New York, Oakland, Philadelphia, Providence, San Antonio, San Diego, Savannah, Seattle, Tulsa and Washington, D.C.

Metro Louisville, a member of the local coalition’s core planning committee, has been an essential proponent of the Louisville Asset Building Coalition since its inception. Mayor Jerry Abramson says the EITC is, “money that makes a real difference in the quality of life of working people in this community.” Lynnie Meyer, President of The Center for Women and Families, thanked the Mayor for his vision, leadership and support of the coalition.
 
Free tax preparation sites include Americana Community Center, Kentuckiana Works, Louisville Central Community Center, Louisville Urban League, Members First Federal Credit Union, O’Connor Learning Center, New Zion Community Development Corporation, Inc., Presbyterian Community Center, Portland United Methodist Center, and Wesley House Community Services. Hours of operation may vary. For more information about these FREE tax preparation sites and documents required for tax preparation, please call the LABC Hotline at 581-7262.
 
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