Creating Assets, Savings & Hope
Posted August 9, 2019
Balancing Work and School While Sharing A Car This year included many firsts for 19-year-old Dena Greiner. She started Adult Education Classes, a full-time job, and just filed her taxes for the first time. Although Dena didn’t graduate from high school because it wasn’t for her, she’s on track to provide for herself. By receiving… Read more
Posted August 9, 2019
Supporting Her Family on a Tight Budget When Lisa Clark and her husband decided to start a family, they knew raising children would be expensive. But they successfully started their own business and were financially on track. However, life changed in 2013 when her husband died an automobile accident. For a while, Lisa ran the… Read more
Posted January 31, 2019
Advocates gathered at the State House on January 24, 2019, for 13th EITC Awareness Day AUGUSTA, Maine — Workers may get a larger tax refund this year because of the EITC, or Earned Income Tax Credit. But that income boost is only available to those who file their taxes. Advocates in Maine celebrated the 13th… Read more
Posted July 12, 2018
An informative article on the United Way blog has some great information about why it’s important to take a quick look at your paycheck right now. (See the original blog post, here: Does Your Paycheck Need a Checkup?) Most notable from the post, is this: The IRS has created a Withholding Calculator to help people estimate the… Read more
Posted January 26, 2018
Free Tax Assistance Helps Maine Residents Claim Their Full Refunds Thousands of Maine workers could overlook important federal tax benefits because they simply don’t know about them. They could miss out on an extra boost. To celebrate EITC Awareness Day CA$H Maine provided information at the Maine Statehouse Hall of Flags yesterday. “The Earned Income… Read more
Posted February 28, 2017
Longtime L-A CA$H volunteer Monica Lee sits at the Lewiston Memorial Armory recently during a daily tax preparation session. Lee, who has been assisting residents with taxes for 10 years, says the program helps people “ease their mind.” Written by Andrew Rice and published in the Sun Journal on February 20, 2017. Not many… Read more
Posted January 27, 2017
What is the Earned Income Tax Credit (EITC)? Each year, the Earned Income Tax Credit (EITC) supports the financial stability of over 27 million of low-and moderate-income workers by reducing the regressive federal tax burden on low-wage earners. Depending on a worker’s income, the amount of taxes owed may be less than the credit and… Read more
Posted September 6, 2016
According to the Maine Center for Economic Policy “Payday loans notoriously carry high APRs (annual percentage rate). In Maine, the rates are as high as 217%! Strategically located in low-income neighborhoods or on the internet, payday lenders intentionally trap borrowers in debt that they cannot escape. The average payday borrower is trapped by ten transactions… Read more
Posted June 13, 2016
Did you know that 2/3 of people living in the USA live paycheck to paycheck? For those that experience this, it is hard to build wealth when there is nothing left at the end of the month to save or invest. Wealth inequality is becoming just as a big of a problem as income inequality…. Read more
Posted June 7, 2016
LD 1318, known by its shortened name, Work and Save, did not survive the legislative process this past session in spite of the concerted efforts of a group of advocates led by Amy Gallant of AARP, and supported by Eloise Vitelli for CA$H Maine and NVME, among others. Conversations have already begun, however, to re-introduce… Read more
CA$H Maine is a statewide collaboration of ten coalitions, comprised of 50 non- and for-profit partners, working together to help empower Maine individuals and families to achieve long-term financial stability.