Creating Assets, Savings & Hope
Posted April 2, 2020
Updated with new information for seniors, retirees on April 1, 2020. Also see Treasury news release. Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in… Read more
Posted March 24, 2020
Tips from the Consumer Financial Protection Bureau (CFPB). For expenses like utilities, phone and internet, mortgages, or insurance, many providers are offering flexibility to customers facing financial strain. Check with your service providers or contact 211 for special resources available in your area. Making a short-term plan can help you identify the consequences of failing… Read more
Posted March 23, 2020
News Release from the IRS IR-2020-58, March 21, 2020 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15,… Read more
Posted March 20, 2020
Leer en Español By CFPB – MAR 16, 2020 Federal, state, and local governments are working to respond to the growing public health threat of coronavirus, or COVID-19 . As communities across the country are dealing with an increase in the number of reported cases, many areas may be impacted by the temporary closure of businesses, schools and other public… Read more
Posted March 19, 2020
Get It Back: Tax Credits for People Who Work – March 18, 2020 With the ongoing COVID-19 outbreak, taxes may not be at the top of your mind. Even if they are, you may not want to travel outside your house for tax preparation help. Here’s what you need to know to file your taxes… Read more
Posted January 20, 2020
If you earned less than $56,000 in 2019 you can get your taxes done for free by IRS trained and certified volunteers at one of CA$H Maine’s free tax sites. In 2019, tens of thousands of IRS-certified volunteers working at more than 3,700 Volunteer Income Tax Assistance (VITA) sites across the country prepared over 1.5 million tax returns, all… Read more
Posted April 8, 2019
Now that you’ve filed, do you need to tell your employer to withhold more or less income to pay your 2019 taxes? Was your refund lower than expected, or did you have an unexpected tax bill when you filed this year? You can take steps today to make sure your federal income tax withholding is… Read more
Posted April 3, 2019
By Liane Fiano, Consumer Financial Protection Bureau, March 18, 2019. The Consumer Financial Protection Bureau is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Managing your credit can sometimes seem like a lot of work, but it’s essential. Your credit history plays a big role in your financial… Read more
Posted March 9, 2019
Blog by Dave Sieminski and Jill Wheeler of the Consumer Financial Protection Bureau – FEB 07, 2019 Making a plan to save at tax time As you gather your tax records and prepare to file, why not use this annual responsibility to take another step towards building financial security for yourself or your family? For… Read more
Posted January 21, 2019
What is the Earned Income Tax Credit (EITC)? The Earned Income Tax Credit (EITC) is a tax credit that may give you money back at tax time or lower the federal taxes you owe. You can claim the credit whether you’re single or married, or have children or not. The main requirement is that you… 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.