MD CASH Campaign will host a free webinar on March 10th at 2 to 3 PM EST on Schedule C- EZ return preparation within VITA, including information on record-keeping and estimated tax payments. We’ll discuss scope limits, use of Tax Wise to prepare Schedule C-EZ returns, and common problem areas like mileage accounting and business expenses. Join us! Please visit: http://www.anymeeting.com/PIID=EA52DA8884473A to register.
Dimitri Sotis of Washington, DC’s news, weather and traffic station WTOP-FM interviewed Robin McKinney, Director of the Maryland CASH Campaign, on January 30, 2014. Listen to the interview to hear about free tax preparation and key pieces of information for taxpayers: MDCASH.2014.Radio_Mp3.WTOPJan30
This just in: Maryland CASH Campaign will have a bi-weekly column, “Common Cents,” to be featured in the Prince George’s Sentinel. Each column will feature upcoming financial education opportunities, tax tips, consumer information, and more. Read the first one here: http://www.thesentinel.com/pgs/Maryland-Cash-Campaign-Taxes
Thank you to the Sentinel for this excellent opportunity!
Despite an improving national economy, 34.8% of Maryland households are in a persistent state of financial insecurity, according to a report released today by the Corporation for Enterprise Development (CFED). The number of households who have little or no savings to cover emergencies or to start building a better life has barely budged from last year’s 35.6% level. The report also found that state policies are helping to improve the financial security of Maryland residents.
CFED’s 2014 Assets & Opportunity Scorecard defines these financially insecure residents as “liquid asset poor,” which means they lack adequate savings to cover basic expenses at the federal poverty level for even three months in the event of an emergency such as a job loss or health crisis. Included among Maryland’s “liquid asset poor” are a majority of those who live below the official income poverty line of $24,5550 for a family of four, as well as many who would consider themselves middle class. Fully 14% of households earning between $77,857 and $125,940 annually have less than three months of savings (i.e. less than $5,887 for a family of four.)
Read the press release here: Maryland 2014 Scorecard Release (1)