Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

AmeriCorps Recovered $84 Million in Tax Benefits for Low-Income Taxpayers

S.J. Steinhardt
Published Date:
Jul 17, 2023

iStock-513812394 Taxes Withholding 1040 resize

AmeriCorps, the federal agency for national service and volunteerism, recovered a record $84 million in overlooked deductions, credits and tax breaks for low-income Americans in the 2023 tax season, CNN reported. That is $70 million more than the organization recovered last year.

The recovery effort aided more than 113,000 taxpayers in more than 130 cities.

Americorps was established in 1993. Among its volunteer efforts is teaming up with local nonprofits to ensure that low-income taxpayers receive all tax breaks and credits for which they are eligible. Last year, the organization recovered about $14 million for taxpayers, AmeriCorps spokesman Jonah Bryson told CNN.

“We’ve been supporting tax relief programs nationwide for over 20 years, and they’re just one of many ways our network of service members support low-income families across America,” AmeriCorps CEO Michael D. Smith told CNN. “We’re putting money right back into the pockets of those who need it most.”

Atalay Sergi, the director of the AmeriCorps Seniors program, which enables Americans aged 55 and older to serve their local communities, told CNN that more than 1,890 volunteers joined in the effort to provide tax preparation services. “The volunteers generated more than $69 million in 2022 tax returns, creating a value of $36,721 per AmeriCorps Seniors volunteer,” he said.

Click here to see more of the latest news from the NYSSCPA.