A dynamic duo! The VITA Leadership Institute and VITACon at the Prosperity Summit!
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VITACon is Now at the Prosperity Summit! Dear John,
Register to attend this year's Prosperity Summit on September 4 – 6 in National Harbor, MD! The conference features 78 concurrent sessions, including 12 dedicated to VITA topics such as volunteer outreach and handling difficult tax situations. With inspiring main stage plenaries, networking opportunities, and celebrations of community tax preparation, it promises an unforgettable experience!
It’s not too late to join the fun... and save some money! Right now, use this discount code to save $150 on your Summit registration: PNSpecial22
Register Today! [[link removed]] We did it… AGAIN! Let’s hear it for the 2024 VITA Leadership Institute!
We're thrilled to share some amazing updates from the VITA Leadership Institute [[link removed]] (VLI), which was launched in 2019 thanks to a generous grant from Wells Fargo. The inaugural VLI brought together ten diverse VITA programs from across the country, fostering peer-to-peer learning and discussions on everything from volunteer recruitment to innovative service delivery.
Reflecting on the VLI's positive impact, JaMelle Hill of United Way of Central Georgia shared, “We have received feedback from several people, clients, and site coordinators, exclaiming this has been the best year yet! Everything ran smoother because of the information and expertise shared.”
Alpha Alimou Balde of Hispanic Unity of Florida envisions the VLI becoming a “hub for mentors and thought leaders.”
One of our favorite highlights was supporting the EITC Awareness Day events earlier this year in Florida, Texas, and Georgia. Annette Tucker of Wateree Community Actions, Inc. in Columbia, South Carolina, stated, “VITA Leadership has provided me with a plethora of ideas to increase VITA sites, serve more individuals, implement an EITC Outreach Event, and increase financial literacy for low-income families.”
Upcoming Events
The VITA Leadership Institute: A Success Story and Lessons Learned [[link removed]]
Join us on Monday, July 29th, from 3:00 – 4:00 PM EDT, for a webinar to explore the impactful journey of the VITA Leadership Institute Cohort (VLI), a program born from the generosity of Wells Fargo. Discover how this cohort of 10 diverse VITA programs selected from all over the country collaborated and shared insights on critical topics like volunteer recruitment and innovative service delivery models.
Click to Register! [[link removed]] In the News
IRS says it has clawed back $1 billion from millionaire tax cheats [[link removed]]| CBS News (Nat.)
(cbsnews.com)
The IRS announced Thursday that its crackdown on wealthy tax cheats has collected over $1 billion. This effort, supported by $80 billion from the 2022 Inflation Reduction Act, aims to boost national revenue.
IRS plans to raise $50 billion over 10 years, closing loophole exploited by the wealthy [[link removed]]| NBC News (Nat.)
(nbcnews.com)
The IRS expects to raise over $50 billion in the next decade by closing a loophole used by wealthy filers and businesses to avoid taxes. This practice, described by Deputy Treasury Secretary Wally Adeyemo as "really just a shell game," involves moving assets between entities without economic purpose.
Illinois child tax credit: who gets it, how much is it? [[link removed]] | Capital News Illinois (Ill.)
(Capitolnewsillinois.com)
In their spring session, Illinois lawmakers approved a tax credit up to $300 for families with young children. The credit is for those with kids under 12 who qualify for the federal Earned Income Tax Credit (EITC). Generally, this includes married couples earning up to $60,000 and singles earning up to $50,000, varying by the number of children. For 2024 income, the credit caps at $300 for filers with three or more children, $270 for two children, and $170 for one child.
Property Tax Circuit Breakers Can Help States Create More Equitable Tax Codes [[link removed]]| ITEP
(itep.org)
Property taxes are crucial revenue sources for local and state governments but often face criticism. Issues arise from how property values are assessed and the disconnect between taxes and families' financial capacities. Whether you're in your peak earning years, recently unemployed, or in a gentrifying area, your tax bill reflects home value rather than your ability to pay. States can address this with property tax circuit breakers, which offer a ready solution to this problem.
Resources & Publications
IRS needs Congress to reallocate funds from enforcement budget to modernization program [[link removed]]| FedScoop (Nat.)| June 2024
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