Veterans and active duty military can join millions of their fellow Americans and save money at tax time. MyFreeTaxes provides free federal and state tax preparation and filing assistance both online and in person for qualified individuals and families earning $58,000 or less. MyFreeTaxes.com is the only free online tax preparation and filing service available in all 50 states and Washington, D.C., allowing users to file both a federal and state return no matter where they live. Learn more at myfreetaxes.com/ArmyOneSource.
These cities have an IRS certified tax coach onsite in a Veterans organization to assist Service members, Veterans and their Family members with preparing their own taxes through MyFreeTaxes.
- Washington DC – VA Veterans Community Resource & Referral Center
- Dallas, TX – Veterans Community Resource & Referral Center
- Atlanta, GA – Ft. McPherson Veterans Community Resource & Referral Center
- Nashville, TN - Operation Stand Down
- Detroit, MI – VA Hospital & Veterans Community Resource & Referral Center
- Jacksonville, FL – City of Jax Department of Military Affairs & Veterans Services
- Chicago, IL – Workforce Centers promoting through Veterans staff
- Los Angeles, CA – Workforce Centers promoting through Veterans staff
The Economic Awareness Council is a 501(c)3 non-profit organization whose mission is to prepare students and families for the economic and financial decisions they will make both today and tomorrow. Meeting the needs of families and youth with limited resources is emphasized.
The EAC emphasizes skills development, behavior change and peer motivation. The organization approaches financial education through hands-on activities based in real world experiences. For example, in EAC programs youth learn about financial choices by budgeting as a mock family, by competing in investing simulations, by making their own banks and by preparing articles on financial topics for On the Money magazine. The EAC emphasizes a youth focused financial education approach where students learn about financial management from other teens and young adults through peer education and youth media. EAC evaluations consistently indicate that this approach is effective with over 9 out of 10 youth participants agreeing that they learned something new and gained information that they could use in the future in EAC programs.
The EAC's reach has grown dramatically in the 9 years since it was founded. The organization has increased its program attendance from approximately 50 in 2003 to over 13,000 in 2012. The EAC was selected by the Consumer Federation of America to lead the organization’s first statewide, youth focused saving initiative in 2010. Over 2,500 Illinois youth have pledged to save over $1,000,000 through this initiative. The organization was chosen as one of two initial non-profit partners of the Federal Reserve Bank of Chicago in 2013.
Visit http://www.econcouncil.org/ to learn more.
By Lisa Daniel
American Forces Press Service
WASHINGTON, July 24, 2012 – A redesigned program for service members separating from the military will help veterans better apply the experience they’ve gained in uniform, Defense Secretary Leon E. Panetta said.
President Barack Obama announced the revamped program, called “Transition GPS,” in a speech yesterday at the Veterans of Foreign Wars national convention in Reno, Nev.
"I applaud the leadership of President Obama to bring together government agencies around the goal of enhancing career opportunities for service members," Panetta said in a statement. "Our personnel have developed extraordinary technical expertise and world-class leadership skills that are in high demand. Transition GPS will help military members apply their experience to additional training, formal education, and develop successful civilian careers."
Transition GPS is the first major overhaul of the military’s Transition Assistance Program in nearly 20 years, White House officials said. TAP was developed by an interagency team from the departments of Defense, Veterans Affairs, Labor, Education and Homeland Security, as along with the Office of Personnel and Management and the Small Business Administration.
Be a Military Saver
"I've got plenty of savings, and I never worry about money."
Help our military families and our nation say that and mean it. Join the Military Saves campaign today, and invite your entire organization to become a saving community. Visit www.militarysaves.org.
If you’re part of a military organization, ask your commander to commit to the campaign. It’s part of the DoD Financial Readiness Campaign, and is an official program authorized by the Undersecretary of Defense for Personnel and Readiness. Army, Navy, Air Force, Marine Corp, National Guard, and Coast Guard are all partners in the campaign. It’s as simple as promoting saving – for emergencies, for purchases, for debt reduction, for home ownership, for education, for retirement – to the men and women in your organization, and to their families. Your defense credit union and military bank will help you by offering incentives and support for special events, and your Family Programs office can provide classes, workshop, counseling, and other financial literacy services that your people will want once they commit to building wealth.
If you’re a corporate representative or contractor, support the campaign within the military organizations you’re connected to, and bring the campaign to your company. Military Saves is part of the America Saves campaign, and we are committed to helping all organizations encourage saving among their employees, members and customers. Your human resources, marketing, and other executive staff will be interested in the simple system we suggest for campaign participation, and in the customizable resources available for your campaign partnership.
Go to www.militarysaves.org. today, and click on the “Resources” tab. If you have questions or want individual consultation, call or email us. Welcome to the campaign for a financially free America!
At Money Management International (MMI), our mission is to improve lives through financial education.
MMI is the largest nonprofit, full-service credit counseling agency in the United States. Since 1958, we have been helping consumers find the tools and solutions they need to achieve financial freedom. We provide professional financial guidance, credit counseling, community-wide educational programs, debt management assistance, bankruptcy counseling and education services, and housing counseling assistance to consumers via phone, Internet and in-person sessions. MMI is a member of the National Foundation for Credit Counseling (NFCC) and The Association of Independent Consumer Credit Counseling Agencies (AICCCA).
For more information visit http://www.moneymanagement.org/.
By Jason McGlone- Director, Advertising Review – July 26, 2013
Posted in: Advertising, Alerts/Scams, National
The market for used and refurbished electronics is understandably huge; it’s often a really good way to get a gadget for less than full price. What’s more, you can still stay up-to-date with the latest and greatest in tablets, cellphones and computers.
Whether you’re selling or buying used or refurbished electronics, you’ll want to be thoughtful when it comes to personal information. It’s vital to safeguard your personal information and to be sensitive of others’, as well. If you don’t you could risk embarrassment at best and identity theft at worst.
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By Katie Burgoyne – July 25, 2013
Posted in: Consumer/Business Services, Moving Services, National, Real Estate, Sales, Scam
Many tasks need to be completed when you move. One of the easiest and most essential chores is changing your mailing address. The smartest way to do this is to go to your local post office in person, or by visiting the official United States Postal Service website. But because we are creatures of habit living in a technology-driven age, people often turn to their favorite search engine for all their needs.
Herb Weisbaum, the ConsumerMan, contributed a report to CNBC warning consumers of potential pitfalls in relying upon “change my address” Google searches. Results list the official USPS website, along with a slew of privately run businesses. These private companies offer to complete the change of address process for you, but at a cost anywhere from $17 to $24 to cover fees (postage, handling, mailing, etc.) There have been hundreds of complaints regarding these private services, in part because of the hidden fees that are charged.
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By Charles Wood – July 26, 2013
Posted in: Alerts/Scams, Consumer/Business Services
Better Business Bureau
BBB warns public about potential credit damage from Texas-based company
World Law Debt tells consumers it can reduce the amount they owe and help pay down debt. But, Better Business Bureau discovered the company’s practices often get consumers into legal trouble and drive them further into debt.
As of July 24, 2013, BBB has 34 reportable complaints for World Law Debt on its BBB Business Review. The company did not respond to 17 complaints and failed to resolve eight. Complainants allege they paid monthly fees into an account to be used to pay down their debt. No communication was made with creditors and large upfront fees were removed from the account. Some consumers further allege they were pursued by collection agencies and in some cases sued by their creditors as a result.
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The Illinois CPA Society's CPAs for the Public Interest, in partnership with the Internal Revenue Service, offers the Military Service Tax Preparation Project to provide free personal income tax return filing assistance to members of the US armed Forces who have recently returned or are still serving on active duty in a combat zone or qualified hazardous duty area.
The Illinois CPA Society's CPAs for the Public Interest will match military personnel and/or their family members with CPA volunteers in their area who will provide free personal federal and state income tax preparation assistance.
Disclaimer: Reference and mentioning herein to any specific business, private organization, manufacturer, appearance of external links on this site, or otherwise, does not constitute or imply its official endorsement, recommendation, or favoring by the United States Government, Department of Defense, United States Army or United States Army Family and MWR Command. The views and opinions of expressed herein do not necessarily state or reflect those of the United States Government, United States Army, Department of Defense or United States Army Family and MWR Command, and shall not be used for endorsement purposes.