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Maryland CASH (Creating Assets, Savings and Hope) Campaign 

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See what’s new on the CASH Academy site.

The Maryland CASH Academy, a signature program of the Maryland CASH (Creating Assets, Savings and Hope) Campaign, offers free personal finance classes on a wide variety of topics across the state of Maryland. Search for a class by location, date, topic or educator.

Sign up for ‘Schedule C-EZ Step Up’ Free Webinar

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.

 
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Robin McKinney Interviewed on All News 99.1

Before you pay someone to do your taxes for you, be aware, you might be eligible for free tax prep services.  Every year, millions of tax refund dollars are lost by low-income taxpayers who use commercial tax preparation sites that promise rapid refunds.  WNEW’s News Anchor Sarah Jacobs interviewed Maryland CASH Campaign Director, Robin McKinney, on more tips to avoid common tax time pitfalls.
 Originally aired on January 26, 2014, on “Fresh Perspectives” (94.7 Fresh-FM) and streamed on CBSDC.com
 Listen here: 1-26-14 Segment 1
 
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Robin McKinney Interviewed on WTOP

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

 
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Maryland CASH Campaign to Have “Common Cents” Column in Prince George’s Sentinel

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!

 
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New Scorecard Data for Maryland

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 full MD Scorecard here. 

Read the press release here: Maryland 2014 Scorecard Release (1)

 

 
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Tax ID Theft Forum

imageMD CASH Campaign was a panelist in a public forum held on Jan 14th to discuss Tax ID Theft. According to the The Federal Trade Commission, who coordinated the forum,  the theft of personal information from tax return filings is the fastest growing type of ID theft and Maryland ranks #5 in the incidents of tax ID theft reported. The forum, hosted by the Howard County Office of Consumer Affairs, featured remarks from U.S. Attorney Rod Rosenstein and Maryland State Delegate Susan Lee, as well as a panel discussion on preventive measures to avoid being a victim of Tax ID Theft from the FTC, Internal Revenue Service, American Association of Retired Persons and MD CASH Campaign. For more information on Tax ID Theft click here.

 

 
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