AmeriCorps recovered a record $84 million in overlooked deductions, credits and tax breaks for low-income Americans in the 2023 tax season, the federal agency announced Friday. AmeriCorps annually teams up with local non-profits to ensure 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. Atalaya Sergi, the Director of the AmeriCorps Seniors program said over 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,” Sergi said.

Source: CNN July 18, 2023 03:29 UTC