CADC and BancorpSouth Provide Tax Return Assistance

Free Tax Return Assistance in the Region: CADC and BancorpSouth Step Up

Breaking Down Barriers to Financial Security

In a significant move towards financial inclusivity, two organizations—CADC (Community Action Development Center) and BancorpSouth—are teaming up to offer free tax return assistance to income-eligible individuals and families. This initiative aims to ensure that everyone, regardless of economic status, can access necessary tax services without paying a penny.

CADC’s Volunteer Income Tax Assistance (VITA) Program

CADC is extending its VITA program, which provides free tax preparation and electronic filing by certified, trained volunteers. Designed for income-qualified individuals and families, the program ensures that those who are eligible receive all the tax benefits they deserve. This effort is particularly beneficial for low and moderate working taxpayers who might otherwise face significant financial burdens from tax obligations.

BancorpSouth’s Commitment to Community

BancorpSouth, a prominent financial institution in Arkansas and Mississippi, is offering a 100% free and stress-free tax preparation service through its VITA sites. Available to the public on Tuesdays and Thursdays during business hours, this service is specifically designed for those with earned annual incomes of ,000 or less. Individuals can drop off their documents or receive virtual assistance, making it easier than ever to navigate the complex world of taxes.

Key Features of BancorpSouth’s VITA Program

No Hidden Fees: The program guarantees that there are no hidden fees, ensuring that all services are provided without any additional charges.
Zero Stress: To alleviate any anxiety related to tax preparation, BancorpSouth offers virtual assistance and drop-off services.
Open to the Public: Anyone with an earned annual income of ,000 or less is eligible for this service, making it broadly accessible to a wide range of individuals and families.

Participating Locations and Timeframes

The program is available at various locations across Arkansas and Mississippi. Key locations include:
Arkansas: Arkadelphia, Blytheville, DeWitt, El Dorado, Eudora, Glenwood, Gurdon, Hamburg, Helena-West Helena, Hot Springs, Jonesboro, Little Rock, Lockesburg, Malvern, Manila, Marvell, Mount Ida, Stuttgart, Trumann, and West Memphis.
Mississippi: Canton, Carriere, Clarksdale, Drew, Greenville, Hattiesburg, Hernando, Indianola, Madison, Shelby, Webb, and more.

The final day to file in Jonesboro is April 2nd, while for other locations, the deadline extends until April 9th, 2024.

Prepare + Prosper: Another Option for Free Tax Prep

While these programs are beneficial, there are other services available for those who do not qualify or prefer alternative options. Prepare + Prosper offers free tax preparation services with income requirements set at ,000 for individuals and ,000 for families. Their team of over 300 IRS-certified volunteers ensures accuracy in tax returns to maximize refunds.

DIY Tax Prep: An Alternative Route

For those who exceed the income limits or prefer a DIY approach, Prepare + Prosper offers a Do-It-Yourself (DIY) Tax Prep service. This program combines free filing software with support resources, including live weekly trainings and dedicated email/phone support, making it easier for individuals to prepare their own taxes.

Community-Driven Initiatives

These initiatives demonstrate the positive impact of community-driven initiatives on financial security and well-being. By providing essential tax services, CADC and BancorpSouth are helping bridge the gap between those with the means to afford professional tax preparation and those who cannot afford such services.

Empowerment Through Accessibility

These programs empower individuals and families by making it easier to navigate the complexities of taxation. By ensuring that everyone has access to necessary tax services, regardless of their economic status, communities can foster a sense of financial security and well-being.

In essence, the collaboration between CADC and BancorpSouth signifies a significant step towards financial inclusivity, offering valuable resources that can positively transform the lives of many in the region. As we move forward, it is crucial to recognize and support such initiatives, ensuring that everyone has an equal chance to thrive financially.

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