Walletwatch sat in on a presentation of Baltimore CASH Campaign. This spring, the nonprofit organized several volunteer income tax assistance (VITA) sites thoughout that city, where they prepare working families’ taxes for free to make sure they claim all exemptions and credits, especially the earned income tax credit.
Most underbanked individuals are turned off by mainstream banks because of the formalities and upscale culture of entering a bank and filling out account-opening paperwork. Many VITA sites have banks at their tax prep sites so that their tax filers can put their refunds right into a savings account, CD, or IRA. But what makes Baltimore CASH so unique is that their bank partners allow the volunteers to administer account-opening proceedures, making the tax filer feel more at ease with the process.
More info on Baltimore CASH Campaign at http://www.baltimorecashcampaign.org/services.htm
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.