FDIC Encourages Consumers, Banks to Use IRS Tax Help Programs

 

January 17, 2007

 

 

 
     
     


FDIC Encourages Consumers, Banks to Use IRS Tax Help Programs
Yesterday, the FDIC encouraged low- and moderate-income taxpayers to take advantage of Internal Revenue Service programs and bank services that can help them save more money for future goals.

One example is the IRS-coordinated Volunteer Income Tax Assistance program that provides free tax-preparation services for qualifying individuals. Another example is the new IRS flexibility for people who receive tax refunds via direct deposit to split the money into as many as three different bank accounts instead of just one.

FDIC also sent letters to the 5,200 banks it supervises to encourage them to get involved with the VITA program.
Read more.
Read the FDIC letter to banks.