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Member News

Local Leaders Encourage Individuals and Families to claim the Earned Income Tax Credit



Friday, Jan. 31 is the 14th annual National Earned Income Tax Credit (EITC) Day and the kick-off of the 2020 tax season. To bring awareness to the day, local organizations and leaders have created a fun and free event to help local low and moderate income tax filers file their taxes, get tax advice, and claim their earned income tax credit—which can add thousands of dollars to their refund.

The EITC can mean thousands of dollars to assist individuals and families, yet as many as 14,000 eligible Capital Region taxpayers may be failing to claim it, based on IRS estimates. Nationwide last year, 25 million workers received more than $61 billion in EITC refunds. In New York state, there were 1.57 million claims and 3.7 billion in EITC funds.  The average EITC credit amount paid out in New York State was $2,363.

Brookings Institute documents that EITC is the number one nation-wide program to help lift families out of poverty. One-third of the EITC population changes each year. The IRS estimates that four out of five workers claim the EITC they earned. This leaves billions of dollars on the table each year.

Tacos and Taxes will be held at the TRIP & RCHR NeighborWorks HomeOwnership Center at 409 River Street in Troy, NY from noon until 3pm. Those wishing to have their taxes filed by IRS-trained tax preparers must call 518-640-2371 to secure an appointment. TRIP & RCHR NeighborWorks HomeOwnership Center will also offer two Credit and Budgeting Workshops at 1pm and 2pm. Taco buffet and advice from an IRS Taxpayer Advocate will be available for the duration of the event.

Tacos and Taxes is representative of the programs that support the mission of TRIP & RCHR and other partners. “Partnering with the United Way and VITA volunteers ensures tax returns are filed and used for wealth and community building strategies like saving for emergencies, down payments on new homes or investments in the communities that make up this great county,” said Christine Nealon, executive director TRIP&RCHR.

SEFCU is once again sweetening the pot for this year’s Buffalo Bills playoff games as the credit union supports our hometown team and tackles hunger at the same time. For every point the Bills score tomorrow against the New England Patriots, SEFCU will donate $125 to FeedMore WNY. “FeedMore WNY deeply appreciates SEFCU’s continued partnership. …
(Troy, N.Y.) – For over 30 years, Hudson Valley Community College has served students with differing abilities. On Thursday, January 13, 2022 at 10:00 a.m., officials from the college and Living Resources Corporation will sign an agreement that will bring Living Resources’ “CareerNext” Program to Hudson Valley’s campus.    The CareerNext program…
Excelsior College, based in Albany, New York, has launched its first bilingual degree pathway in Spanish, called ¡Adelante!, to help Spanish-speaking students achieve their educational aspirations in the United States. Online courses begin on March 7 and the enrollment period is now open to students. Students will be able to increase their English…
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27
Join the us at the 2022 State of the County Luncheon and learn what's ahead for the Rensselaer County business community in the new year.  Rensselaer…
Check-in and Lunch at 11:30 AM. County Executive's address at 12 PM.
Feb
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Kick off 2022 and get connected, develop leads and build relationships at our one-of-a-kind, fast-paced networking event. This popular networking event…
Check-in and Lunch at 11:30 AM. Networking program from 12 - 1 PM.
Feb
25
A panel discussion featuring State representatives addressing issues facing our communities.  The Chamber's "Meet the Legislators" event provides members…
Check-in & Luncheon at 11:30 AM. Panel Discussion with Legislators and Q&A from 12 - 1 PM.