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PNC BANK, ASSET INDEPENDENCE COALITION AND IRS PROVIDE FREE TAX ASSISTANCE IN LANSING

Wednesday, February 18, 2015   (0 Comments)
Posted by: Michelle Rahl
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CONTACT:                                                            

Robert J. Darmanin

(248) 729-8478

robert.darmain@pnc.com

                                                     

PNC BANK, ASSET INDEPENDENCE COALITION AND

IRS TO PROVIDE FREE TAX ASSISTANCE IN LANSING ON FEB. 21 

  • IRS assists with filing; PNC offers no-cost refund check cashing for VITA clients
  • Lower-income taxpayers can learn if they qualify for tax credit of up to $6,143

Lansing, Feb. 18, 2015 – PNC Bank today announced its annual support of the Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) program, which offers free tax services for people who generally earn less than $53,000 a year.  IRS-certified volunteers will be providing free tax filing assistance to eligible residents on February 21 at the Lansing Super Center, 2500 S. Washington Avenue, in conjunction with the Asset Independence Coalition.  PNC volunteers will be onsite to offer VITA clients no-cost refund check cashing options and faster refunds on PNC Visa® refund cards usable at 30 million locations.  VITA clients may cash refund checks with an approved referral letter for free at PNC Lansing branches.

PNC is providing services at 160 VITA sites in 12 states and Washington, D.C.  IRS-certified volunteers working with the VITA program will be available to provide tax filing assistance.  PNC offered similar services at several sites in Grand Rapids and Kalamazoo during the month of January.

“We are very appreciative of how financial institutions have embraced the VITA program,” said Debra Holland, IRS commissioner, Wage and Investment Division. “They continue to provide a valuable service to low-income taxpayers and communities across the country through their free tax preparation and financial education programs.”

Many tax filers miss out on a beneficial tax credit – the Earned Income Tax Credit (EITC), either because they don’t claim it when filing, or don’t file a tax return. VITA volunteers will determine if taxpayers qualify for the EITC and other refundable credits.  Last year, the

the credit returned over $66 billion to almost 28 million workers. The tax credit can mean up to $496 in EITC for people without children, and up to $6,143 for those with three or more qualifying children. The credit varies by income, family size and filing status. The average EITC amount last year was $2,407.

 “PNC is committed to reaching more low- to moderate-income taxpayers through this vital program,” said Cathy Niederberger, managing director of PNC’s Community Development Banking Group.  “This is one of the many ways that PNC works to level the playing field for consumers in economically challenged communities.”

What to Bring to a VITA Site

Taxpayers who visit a VITA site should bring picture identification, a Social Security card, wages and earnings statements (Form W-2) from all employers, interest statements from banks (Form 1099), a copy of their previous year’s tax return if available, and other relevant information about income and expenses.

This year, PNC teams support VITA sites in Alabama, Illinois, Indiana, Georgia, Kentucky, Maryland, Michigan, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, and Washington, D.C.  Dates may vary by site.  For a list of sites and available dates, please visit http://www.irs.gov/Individuals/Find-a-Location-for-Free-Tax-Prep.

PNC Bank is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC, (www.pnc.com), is one of the United States’ largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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