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"Earn It Keep It Save It" is a collaborative effort between United Way of Southern Nevada, the Internal Revenue Service Stakeholder, Partnerships, Education, & Communication (SPEC) department, and local community organizations. The project is designed to increase the number of households who benefit from the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) through free tax preparation at Volunteer Income Tax Assistance (VITA) sites.
There are more than 20 free tax sites across Southern Nevada with IRS-certified volunteer tax preparers to help individuals and families claim their maximum benefit and refund. This free service provides low to moderate income households with free, quality tax return preparation and access to information and resources that promote fiscal responsibility. Because of Earn It Keep It Save It, thousands of tax returns each year ensure eligible taxpayers claim the Earned Income Tax Credit which can be up to $5,657 per family.
The IRS estimates between 20% and 25% of EITC eligible tax filers are not receiving this credit. These substantial tax credits can be the first step in helping families meet their every day needs, as well as save toward assets such as higher education, a first home or a new business. During the 2010 tax season, Earn It Keep It Save It returned $6.7 million in tax refunds to 5,500 local hardworking families and individuals and to the local economy.