Walmart Foundation Tax Preparation Partnership Expects to Yield More Than $1 Billion in Tax Savings for Consumers
January 28 2010 - 9:00AM
PR Newswire (US)
$4 Million Walmart Foundation Grant to United Way Worldwide, One
Economy and National Disability Institute Provides Free Tax
Services to Families Nationwide BENTONVILLE, Ark., Jan. 28
/PRNewswire-FirstCall/ -- The Walmart Foundation, United Way
Worldwide, One Economy Corporation and National Disability
Institute (NDI) have partnered to bring free tax preparation and
filing services to consumers nationwide. The initiative will also
help educate consumers, and provide free preparation and filing for
the Earned Income Tax Credit (EITC), a federal income tax credit of
which many are unaware. A $4 million grant from the Walmart
Foundation will be shared among the program partners and is
expected to help return $1 billion in total tax refunds, credits
and tax preparation savings. In 2009, a similar effort from the
Walmart Foundation helped more than 650,000 people receive tax
refunds, credits and tax preparation savings totaling more than
$950 million. "The Walmart Foundation is building on the success of
last year's program to again put savings and EITC refunds back in
taxpayers' pockets," said Margaret McKenna, president of the
Walmart Foundation. "As many continue to feel the impact of the
challenging economy, our goal is to establish a more integrated and
accessible program that helps Americans live better lives." "EITC
can be a financial boost for working people hit by hard economic
times," said Julie Garcia, Director of the IRS Stakeholder
Partnerships, Education and Communication division. "One in four
eligible taxpayers overlooks the credit and this partnership is
helping those who need it most." Through this effort, a series of
activities will take place: -- United Way Worldwide will assist
Americans who earn less than $49,000 with free tax and EITC filing
at 91 community-based tax preparation sites. -- Tax-payers earning
less than $58,000 per year can take advantage of the
MyFreeTaxes.com national tour. Equipped with One Economy's online
tax filing technology and IRS-trained tax professionals, the tour
will visit 30 communities across the U.S. -- The NDI's Real
Economic Impact Tour will assist qualifying taxpayers with
disabilities who earn $49,000 or less. Funding from the Walmart
Foundation allows NDI to expand its disability-inclusive tax
assistance programs, including making free tax preparation sites
and online tools accessible to disabled filers. For additional
information on United Way tax preparation sites, the
MyFreeTaxes.com National Tour, the NDI's Real Economic Impact Tour
and eligibility requirements visit
http://www.walmartfoundation.org/ or http://www.myfreetaxes.com/.
About Philanthropy at Walmart Walmart and the Walmart Foundation
are proud to support the charitable causes that are important to
customers and associates in their own neighborhoods. Through its
philanthropic programs and partnerships, the Walmart Foundation
funds initiatives focused on creating opportunities in education,
workforce development, economic opportunity, environmental
sustainability, and health and wellness. From February 1, 2008
through January 31, 2009, Walmart - and its domestic and
international foundations - gave more than $423 million in cash and
in-kind gifts globally. To learn more, visit
http://www.walmartfoundation.org/. About United Way United Way is a
worldwide network in 45 countries and territories, including nearly
1,300 local organizations in the U.S. It advances the common good,
creating opportunities for a better life for all, by focusing on
the three key building blocks of education, income and health. The
United Way movement creates long lasting community change by
addressing the underlying causes of problems that prevent progress
in these areas. LIVE UNITED is a call to action for everyone to
become a part of the change. For more information about United Way,
please visit: LIVEUNITED.org. About One Economy One Economy
Corporation is a global nonprofit organization that uses innovative
approaches to deliver the power of technology and information to
low-income people. More than 17 million people have used One
Economy's online tools and resources, including public-purpose
media at http://www.pic.tv/, to build better lives. Learn more at
http://www.one-economy.com/. About National Disability Institute's
Real Economic Impact Tour Designed to provide Americans with
disabilities insight, tools and resources to improve their lives
through financial education, training and counseling, The Real
Economic Impact Tour (REI Tour) is a groundbreaking effort powered
by the National Disability Institute (NDI) that's been the gateway
for many to explore opportunities which connect them to financial
independence. The 100 2010 REI Tour cities focus on assisting
taxpayers with disabilities who earn $49,000 or less who may be
eligible for certain tax credits. Key components include free tax
preparation and financial education plus benefits counseling, asset
summits, workgroup meetings, audio conferences and more in select
cities. The 2010 Real Economic Impact Tour. Tax knowledge is
freedom. To learn more, visit http://www.realeconomicimpact.org/
http://www.newscom.com/cgi-bin/prnh/20090914/WALMARTLOGO
http://photoarchive.ap.org/ DATASOURCE: Walmart Foundation CONTACT:
Deisha Galberth of Walmart, 1-800-331-0085 Web Site:
http://www.walmartfoundation.org/ http://www.one-economy.com/
http://www.liveunited.org/
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