Creating Assets, Savings & Hope
Posted January 29, 2025
The 2025 tax season has begun. This year, there are a number of refundable tax credits that can actually put money in your pocket. Here is a list of credits with links for more information. If you’re getting help with tax preparation, ask your preparer about eligibility. Earned Income Tax Credit (EITC) The Earned Income… Read more
Posted January 29, 2025
CA$H Maine had 909 returns qualify for the EITC in 2023, bringing in $1,489,725 in EITC refunds to the state. Maine workers may get a larger tax refund this year because of the Earned Income Tax Credit (EITC). But to get it, you must file a tax return and claim it. Friday, January 31, 2025,… Read more
Posted January 8, 2025
Midcoast Maine CA$H volunteers and staff at the end of tax season gathering. Read more
Posted June 1, 2021
Your questions about the Child Tax Credit answered by the GetItBack Campaign What is the Child Tax Credit (CTC)? The Child Tax Credit helps offset the costs of raising kids. The CTC has two components. First, the credit reduces income taxes you owe. If your credit is more than the taxes you owe, you get… Read more
Posted April 9, 2021
We all experience unexpected financial emergencies—car repairs, unexpected medical bills, broken appliances, loss of income, or even damaged cell phones. Large or small, these unplanned expenses often feel like they hit at the worst times. Setting up an emergency fund is one important way to protect yourself. By putting money aside for these unplanned expenses,… Read more
Posted May 5, 2020
A tool from the Consumer Financial Protection Bureau (CFPB) about how to cut costs and reduce expenses to help you cover daily necessities or save for your goals. Finding ways to reduce your expenses can help you better afford the necessities you can’t live without. It can also give you more money every month to… Read more
Posted April 24, 2020
Adapted from an article By Jordan Blakemore, 2020 Get It Back Campaign Intern Each year, thousands of IRS certified volunteers offer their time and expertise at Volunteer Income Tax Assistance (VITA) sites across the country to help millions of Americans file taxes free of charge. VITA is an IRS-sponsored program staffed by volunteers who are… Read more
Posted April 22, 2020
Written by Carolyn Pemberton for America Saves, Category: Blog, Published: 09 April 2020 Most Americans don’t have an emergency fund. While we’re all experiencing this pandemic very differently — some having only minor inconveniences and others finding themselves without a job or having to close their business — those without a savings cushion are vulnerable… Read more
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
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.