Fort Morgan, Colo. – During the 2014 tax season, Morgan Community 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 MCC’s free tax site, IRS-certified students filed 491 returns, helping local tax payer’s claim over $942,400 in refunds.
“The success of the program at MCC also comes from the outstanding qualities of the program instructors and leaders,” says MCC President Dr. Kerry Hart. “We couldn’t ask for a better team working on Tax Help—it is one main reason we are having such great success.” This year, 13 students from MCC spent 511 hours at three locations, Fort Morgan, Burlington and Wray, 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.
Many of the tax payers who visit MCC’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 tools, the EITC promotes employment while providing valuable refunds to minimum-wage earners who oftentimes struggle to make ends meet for their families. At Morgan Community College, working families claimed nearly $306,000 in EITC refunds this year.
In 2014, 18 colleges participating in Tax Help Colorado operated 27 free tax sites statewide. Overall, more than 10,400 individuals received free tax preparation services, which is a 10% increase over last year. Tax Help Colorado helped families claim more than $20.5 million in tax refunds in 2014, including nearly $8 million from the EITC. The program helped save low-income Coloradans more than $2 million in commercial tax preparation costs.
For more information on Tax Help Colorado, please visit www.piton.org/eitc.
About Morgan Community College
About The Piton Foundation
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.