HOUSTON — With little to no cost to establish, a 33-year Internal Revenue Service program that offers free tax preparation to low- to middle-income filers continues to draw the attention of credit unions.

The Volunteer Income Tax Assistance program has 12,000 sites nationwide and another 324 partnerships with community organizations that have a shared interest of helping taxpayers get all that is due to them from the IRS.

The number of credit unions that have signed on increased from 64 in 2004 to 246 in 2007, according to Debra Chandler, senior tax analyst with the IRS’ Stakeholder, Partnerships, Education and Communications division. For the 2007 tax season, credit unions prepared 18,000 returns, which amounted to $8.2 million in earned income tax credits and $3.2 million in child tax credits.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.