PNC And IRS Offer Free Tax Services And Fast Access To Refunds.
Program provides VITA clients with low-fee tax refund card
PITTSBURGH, Feb. 4, 2013 /PRNewswire/ —
PnC Point ‘n Click
PNC Police National Computer
PNC People’s National Congress
PNC People’s National Congress
Bank today announced
its annual support of a federal program that offers free tax services to
low- and moderate-income taxpayers, along with an expanded effort to
help them receive fast refunds.
PNC employees will collaborate with the Internal Revenue
Service’s Volunteer Income Tax Assistance (VITA) program to support
free tax filing services at more than 200 VITA sites in 12 states and
Washington, D.C. IRS-certified volunteers working with the VITA program
provide this service to people who generally earn less than $51,000 a
Participants can receive faster refunds on low-fee PNC Visa[sup.]
refund cards usable at 30 million locations. Since 2011, the number of
VITA clients choosing to receive refunds on cards has risen 50 percent,
reflecting the continuing shift toward electronic and mobile banking
services. Last year, 825 cards were distributed, with the average refund
of $1,455. Other PNC services offered at VITA sites include financial
education programs and no-cost refund check cashing at participating
sites and designated PNC branches.
“We are very appreciative of how financial institutions have
embraced supporting the VITA program,” said Peggy Bogadi,
Commissioner, Wage and Investment Division. “It’s great to
know that taxpayers in low-income communities have an opportunity to
take advantage of free tax preparation and financial education
Many tax filers miss out on a beneficial tax credit – the Earned
Income Tax Credit (
EITC Education and Information Transfer Core
EITC Electro/Information Technology Conference
), either because they don’t claim it when
filing, or don’t file a tax return. VITA volunteers will determine
if taxpayers qualify for the EITC and other refundable credits. Last
year, the credit returned close to $62 billion to more than 27 million
workers. Workers who qualify for EITC could receive larger refunds. It
can mean up to $475 in EITC for people without children, and up to
$5,891 for those with three or more qualifying children. The credit
varies by income, family size and filing status. The average EITC amount
last year was $2,200.
“Tax-filing can be an intimidating and complex process,”
said Cathy Niederberger, managing director of PNC’s Community
Development Banking Group. “PNC remains committed to supporting
no-cost tax-filing services for taxpayers, and assisting unbanked
consumers in economically challenged communities.”
Niederberger also said the low-fee Visa[sup.] card adds further
convenience, providing VITA clients quick and easy access to their
Card benefits include:
* Speedy refund: Receive refunds typically in less than 21 days once
the request is filed by the VITA site.
* Ease of use: Buy items in stores, online, by mail or phone.
* Pay everyday expenses: Pay bills and make purchases such as
groceries, gas, and clothing.
* Access to ATMs: Use cards fee-free at 40,000 PNC and Allpoint
network ATM locations.
What to Bring to a VITA Site
Taxpayers who visit a VITA site should bring wages and earnings
statements (Form W-2) from all employers, interest statements from banks
(Form 1099), a copy of their previous year’s tax return if
available, and other relevant information about income and expenses.
This year, PNC teams support VITA sites through May 31 in Delaware,
Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey,
Ohio, Pennsylvania, Virginia, Washington, D.C., and
E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W).
Facts and Figures
Area, 24,181 sq mi (62,629 sq km). Pop.
PNC Bank is a member of The
PNC Financial Services
: PNC). PNC, (www.pnc.com), is one of the nation’s largest
diversified financial services organizations providing retail and
business banking; residential mortgage banking; specialized services for
corporations and government entities, including corporate banking, real
estate finance and
; wealth management and asset
management. Follow @PNCNews on Twitter for breaking news, updates and
announcements from PNC.
Cynthia Montgomery (704) 571-0626 Cynthia.Montgomery@pnc.com
SOURCE PNC Bank