April 30, 2013
During the 2013 tax season, Northeastern Junior College partnered with the Denver-based Piton Foundation to provide free tax preparation assistance to low- to moderate-income families through the Tax Help Colorado program. At Northeastern’s free tax site located on the college’s campus, IRS-trained students filed 215 returns, helping local tax payers claim $364,603.00 in refunds.
This year, 12 students from Northeastern spent 538 hours preparing and filing returns for individuals with household incomes of less than $50,000, helping to alleviate the burden of commercial tax preparation costs on low-wage earners. Ninety-six percent of tax returns prepared by Tax Help Colorado were e-filed.
Many of the tax payers who visit Northeastern’s free tax site are eligible for tax benefits for working families with children such as the Earned Income Tax Credit (EITC). One of the nation’s most successful anti-poverty programs, the EITC promotes employment while providing valuable refunds to low-wage earners who oftentimes struggle to make ends meet for their families. At Northeastern’s Tax Help site, working families claimed $111,158.00 in EITC refunds this year.
In 2013, 16 colleges participating in Tax Help Colorado operated 26 free tax sites at 16 college campuses statewide. Overall, more than 9,200 individuals received free tax preparation services. In addition, the sites processed 236 prior-year returns, bringing the total number of returns filed to 9,444, which is a 33 percent increase over last year. Tax Help Colorado helped families claim more than $18.5 million in tax refunds in 2013, including nearly $6.8 million from the EITC.
For more information on Tax Help Colorado, please visit www.piton.org/eitc.
The Piton Foundation sponsors the Tax Credits for Working Families Public Information Campaign and Tax Help Colorado as part of its efforts to help move Colorado families from poverty and dependence to self-sufficiency. Piton is a private foundation located in Denver, Colorado. It was established in 1976 by Denver energy entrepreneur Sam Gary.