KYCC and Koreatown Banks (Bank of Hope, CBB Bank, Hanmi Bank, Open Bank and Pacific City Bank) announce free tax preparation services for low-income families. Through this collaboration, more than 200 volunteers from Koreatown banks and the community were trained and certified to assist 12,000 families with basic free income tax preparation services. Services are available to ensure working families claim the Federal and State California Earned Income Tax Credit, which combined are worth up to $10,000 this year. In previous years, nearly 1 million Los Angeles County residents received an EITC refund. It is estimated that almost 330,750 did not apply for the EITC, leaving $579.9 million on the table.
KYCC’s Free Tax Prep Los Angeles is a public awareness and education campaign that serves to promote and support the filing of the Earned Income Tax Credit (EITC) among low-to-moderate income taxpayers. Households earning less than $55,000 annually may qualify for cash back through the Cal EITC and the Federal EITC. While there are over 100 VITA (Volunteer Income Tax Assistance) sites listed on the IRS website, Koreatown Youth and Community Center directly operates 4 VITA sites: KYCC, Children’s Bureau, El Nido South LA, and Bresee Foundation.
“KYCC is pleased to provide tax services for the 12th year. The tax program’s success and growth over the years is due to our partnerships with Koreatown-area banks. Our trained and certified volunteers are specialists in screening for tax credits, like the Federal and State’s Cal Earned Income Tax Credit that are often overlooked and go unclaimed. Working families are missing out on thousands of dollars by not filing a tax return.” says Johng Ho Song, KYCC Executive Director.
Families with basic tax preparation needs and incomes below $55,000 are welcome to take advantage of these free services. Services are available weeknights and on Saturdays during the day until April 15. Please visit our tax preparation website at https://freetaxprep.unitedwayla.org/en/ or call (323) 909-1975 to make an appointment.
All taxpayers are required to present photo identification, income documents, proof of deductions and credits and social security cards and birthdates for all family members.
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