Financial Futures Initiative
ABCD’s Financial Futures Initiative helps low-income households permanently escape poverty by building assets through home ownership, savings, higher education and entrepreneurship.
ABCD's Financial Futures Initiative has also developed an agency-wide approach to Financial Literacy Education for consumers of ABCD services. The program includes the Earned Income Tax Credit (EITC) tax assistance program, and access to credit counseling and other specialized programs.
Programs administrated by the Financial Futures Department include:
News and Announcements
Financial Futures is looking for volunteers for the 2014-2015 Tax Season!
Getting the tax credits that families deserve is what the Volunteer Income Tax Assistance (VITA) program is all about. As a leading partner of the program since 2001, ABCD provides free electronic Federal and Massachusetts State tax preparation for approximately 5,000 low-moderate income taxpayers. On average, ABCD returns approximately $8 million in Federal tax refunds that include key credits like the Earned Income Tax Credit (EITC), Child Tax Credits and Educational Credits.
The Volunteer Income Tax Assistance (VITA) program is coordinated through ABCD’s Financial Futures Initiative (FFI) that represents the agency as a leading partner of the City of Boston’s Tax Help Coalition. With the essential help of countless volunteers, FFI supports the overarching mission of ABCD by helping low-income individuals and families by receiving the full benefit of their tax return and potential refunds. Our volunteers are IRS-certified annually and are trained to assist clients in finding hundreds of dollars worth of tax credits that many may not have known they are even eligible for. Last year alone, we saved taxpayers $1.1 million in paid preparer fees through Volunteer Power!
VITA services increase low-income clients' tax returns, helping them to build savings, pay off debts, or invest in their personal savings goals to obtain and maintain financial wellness.
For more information on Volunteering for the VITA Program, Please contact the ABCD Financial Futures Initiative by phone: 617-348-6583, email: email@example.com.
Angelina Camacho, FFI Program Manager
The Financial Futures Department is located at 178 Tremont Street, Boston, MA 02111