Angelina M. Camacho, ABCD Program Manager, Financial Futures Initiative, helps a customer prepare her taxes.
Part of the ABCD Financial Futures Initiative, ABCD’s financial wellness programs provide low-income residents with the knowledge and resources they need to navigate their current financial situation and design a plan to build their future. Participants engage in services to identify their current net worth, build an intentional savings and spending plan, engage in learning opportunities to build their financial capabilities, access resources that help save money and build financial assets to reach their goals for life.
Volunteer Income Tax Assistance Program; EITC, Child Tax Credit, Senior Circuit Breaker, Premium Tax Credit
The VITA program at ABCD trained over 140 tax volunteers this year. Working at sites in every neighborhood of Boston, they helped over 5,100 families and brought more than $8.1 million into local households through federal tax refunds and key tax credits. The ABCD network of VITA sites specializes in finding tax credits that maximize refunds including the Earned Income Tax Credit, Child Tax Credits, Senior Circuit Breaker and the new Premium Tax Credit. With the help of over 100 volunteers, ABCD’s VITA program puts critical dollars into the hands of the taxpayers who need it most.
Financial Success Passport
The Financial Success Passport helps low-income residents travel toward their financial life destination. Participants learn money management including how to navigate financial institutions, understanding credit and debt, and save for the future. Additionally, the Passport holder works with a financial partner who provides coaching and individualized counsel.
THIS YEAR THE ABCD-VITA PROGRAM BROUGHT $8.1 MILLION INTO LOW AND MODERATE-INCOME HOUSEHOLDS AND THE LOCAL ECONOMY.