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Update: MyFreeTaxes Expected to Return an Estimated $1.95 Billion This Year

Apr 2 2013 12:00AM

Marketwire

LogoThumbnailPowered by the Walmart Foundation, in Cooperation with Goodwill(R), National Disability Institute and United Way Worldwide, MyFreeTaxes Offers Safe and Reliable Tax HelpTracker

ROCKVILLE, MD -- (Marketwired) -- 04/02/13 -- Each year, millions of Americans pay hundreds of dollars to file their taxes, without knowing they may be eligible for free filing. In addition, millions of Americans may not receive their maximum tax refund because they are unaware they qualify for certain tax credits. To help ease the financial burden of tax preparation and make sure individuals and families receive their full tax refund, the Walmart Foundation has partnered with leading nonprofits to offer MyFreeTaxes, a completely free tax preparation and filing service.

MyFreeTaxes offers free federal and state tax preparation and filing for eligible taxpayers and includes information about the Earned Income Tax Credit (EITC) and other tax credits to help them keep more of what they earn. Of the 139 million U.S. taxpayers filing in 2011, 91 million reported adjusted gross incomes of $50,000 or less. Many of those taxpayers were eligible for a number of tax credits that often go unclaimed. In fact, 1 in 5 Americans is unaware they qualify for EITC. By better educating taxpayers about their tax filing options, MyFreeTaxes is expected to help return more than $1.95 billion this year in total tax refunds, credits and tax preparation fee savings to eligible individuals and families nationwide.

MyFreeTaxes offers eligible consumers two ways to file:

•Online at www.MyFreeTaxes.com, powered by H&R Block®, for individuals and families with combined incomes of $57,000 or less. •In Person with an IRS-certified Volunteer Income Tax Preparer, for individuals and families with combined incomes of $50,000 or less.
Call 2-1-1 or visit MyFreeTaxes.com to find a free tax site near you.

A free tool that provides the experience of a paid tax preparer without the cost, MyFreeTaxes puts you in control of your own money. Since 2009, the MyFreeTaxes partnership has helped more than 4.5 million families file free federal and state tax returns, resulting in nearly $6 billion in tax credits and refunds.

Taxpayers using MyFreeTaxes.com can receive support from IRS-Certified Volunteer Tax Preparers by calling the toll-free number 1 (855) 698-9435 or 855-My-Tx-Help with questions Monday through Saturday 10 a.m.- 10 p.m. Eastern. MyFreeTaxes.com takes you step-by-step through the tax filing process. It's safe, secure and only takes about an hour to file. With the tax deadline right around the corner, now is the time to file your taxes.

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Contact:
Lauren Lawson-Zilai
Goodwill Industries International
lauren.lawson@goodwill.org






Source: Marketwire


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