Making Taxes Easier: BHCC and City of Boston Team Up to Help Residents with Tax Process

February 7, 2013
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Most people don’t want to think about it but it’s the time a year to begin thinking about filing 2012 tax returns. For many working people in Charlestown there’s some relief from the confusing process of figuring out taxes. Bunker Hill Community College, in partnership with the City of Boston, kicked off its annual Earned Income Tax Credit (EITC) program at the school located at 250 New Rutherford Ave. The office in room D206 will be opened to help begin the tax filing process. Eligible residents with three or more qualifying children filing a joint return and your family earned less than $45,060 ($50,270 married filing jointly) in 2012, you may be eligible for up to $6,775 in federal and state credits. A family with one qualifying child and earnings of $36,920 ($42,130 married filing jointly) is eligible for a credit of up to $3,737. For those without children, a single person earning up to $13,980 or a married couple filing jointly earning up to $19,190 are eligible for $560 in EITC credits. BHCC returned thousands of dollars back into the pockets of Charlestown residents through the EITC program last year. BHCC was one of several free tax preparation sites in the city that made filing taxes trouble-free for hundreds of low-income residents and families. The popular program has become an oasis for hundreds of families in the neighborhood over the course of the tax season and the program continues to grown by leaps and bounds. Mayor Thomas Menino said the program provides free financial assistance to the hardworking people across the City of Boston and helps them make the most of their annual tax return. “I urge all eligible residents to visit their nearest location, as we work to surpass last year’s tremendous results,” said Menino. This year tax preparers will offer the opportunity to use a portion of your refund to buy savings bonds. This is a way to save money and earn interest. In addition to purchasing savings bonds, BHCC will offer access to free financial education programs to help make positive use of refund and tax credits and jump-start a savings programs or take other steps toward building assets that put residents on the path to upward mobility.