January 7, 2005

Bronze Triangle Community Development Corporation Offers Free Tax Preparation For Low Income Families

This will be the third year that the Bronze Triangle Community Development Corporation will be doing free tax preparation for residents of Grant Hill, Stockton and Logan Heights. Last year volunteers prepared over 800 returns for low income families which put $1 Million back into the pockets of low income families in the Bronze Triangle.

“The potential cumulative economic impact to the region is huge,” said Gale Walker, the Bronze Triangle CDC’s President. “But the impact the EITC program can have on individual families is what motivates our staff and our volunteers. Across the country, the EITC program has actually lifted millions of children out of poverty.”

A recent Urban Institute study shows that minorities, particularly low-income Hispanic households, are less likely to know about the EITC than low-income non-Hispanic parents of any race. Census data indicates that 75 percent of the residents in the Bronze Triangle, comprised of Grant Hill, Stockton and Logan Heights, are Hispanic.

The Bronze Triangle’s efforts have attracted volunteers from the public and private sector, including such organizations as San Diego City College, LEAD San Diego, and the Annie E. Casey Foundation. The Bronze Triangle is part of a County-wide collaborative to boost EITC filings in San Diego County.

A study by the Brookings Institution issued in June 2001 shows that more than 19 million families claim more than $30 billion in EITCs – an average of $1,567 per family, making the EITC the largest federal aid program targeted to the working poor. In the San Diego region, 174,000 residents earned more than $253 million in federal EITC refunds in 1997. More than $113 million of the total was provided to residents of the city of San Diego.

Interested community members can visit the Bronze Triangle tax preparation site at 2953 Imperial Avenue, San Diego, CA 92102, to sign up for a free tax preparation or call (619)233-138. When clients come in for their appointments they need to make sure they have a social security card for each family member, a valid California ID; W-2 forms for all jobs worked in family during 2004; any 1099 forms; childcare provider, address and tax ID number; any other tax related documents; voided bank check for automated deposit; copy of last year’s return.

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