Financial Stability

Without the ability to pay their mortgage or rent, families may find it impossible to achieve a sense of security, let alone take the steps necessary to create a better life for themselves.  That’s why our work in income is focused on helping people become empowered with the goal of reaching financial stability through the following programs: 
 

Financial Classes


Free Financial Education Workshops

United way of Brevard offers FREE Financial workshops to the community in Brevard.
Interested in attending or setting up a workshop for your organization? Please call 321- 631-2740.
Keeping Track of Your Money Workshops are held in 60- to 90 minute sessions and can be tailored for all age groups. Topics covered:
•    Learn how credit cards, credit scores and credit reports can have an impact on your financial goals
•    How to create a Three Step Spending Plan
•    Identify ways to manage and/or decrease spending
•    Managing Debt and Credit
•    Strategies to get out of debt
•    Strategies to reduce stress by using simple money management practices
•    Identity theft Prevention/ Identity theft recovery plan
•    How to plan for retirement

Free Tax Prep

Free Tax Preparation Services going Virtual for Tax Season 2021!  Call 321-682-6029 for an appointment.  

Why is this needed?  To reduce the spread of coronavirus and maintain the same level of service.

How will this work?  Once the tax season opens (February 1, 2021).  You'll need to make an appointment to drop off your tax forms (at one of three locations) and complete an interview intake form as well as Virtual process consent form. https://www.irs.gov/pub/irs-pdf/f14446.pdf

What technology will I need?  You must have a working phone (s) and/or e-mail address.  Access to Zoom or Microsoft Teams is optional

How much time will the process take?  Please give yourself 30 minutes to complete the interview intake from as well as the virtual process consent form.  If you are filing a joint return, both must be present in person or virtually during the interview.

Who is eligible for the Virtual VITA? This free service is available for households who generally make $66,000 per year.

What will I need for my appointment?

  • Photo Id’s                                                           
  • Original Social Security card of all dependents
  • Wages                                                                 
  • Tuition Statement                          
  • Retirement Income                                              
  • Social Security benefits
  • Unemployment Income                                      
  • Child Care payments
  • Self- Employment Income                                
  • Personal business expensed already itemized
  • Interest and dividend Income                            
  • Market Place Health Insurance Forms
  • A copy of your previous year tax return

What happens after I drop off my tax forms?  Once your tax return is completed a volunteer will contact you and make an appointment for pick-up of your documents.  All appointments will be made available for the selected sites from Monday through Saturday.  Sites and times are by appointment only by calling 321-682-6029.Your return will be transmitted to the IRS upon your e-file signature of consent. https://www.irs.gov/pub/irs-pdf/f8879.pdf

Reference Materials IRS.gov  
Privacy, Confidentiality, and Civil Rights – Pubic Trust https://www.irs.gov/pub/irs-pdf/p4053esp.pdf
Taxpayer Bill of Rights https://www.irs.gov/taxpayer-bill-of-rights


TaxSites_YearlyRecap

Thanks to your generosity

United Way Tax Program has Big Impact on Brevard


United Way helps local families keep more of their hard-earned cash
United Way Tax SiteDid you know that United Way volunteers prepared 1,423 tax returns for low-to-moderate income workers saving them the cost of tax preparation and helping them claim all the tax credits for which they are eligible? These efforts have an estimated community-wide impact of $1.5M.
Tax refunds help working Americans put money in their pockets for everyday items and save for the future. According to a study from United Way Worldwide, about 23 percent of those asked say they spend their refunds for food, while 22 percent spend the money on housing costs; 31 percent use their refunds for utilities. One quarter of those who receive refunds put the money into savings or invest the funds for the future.
Here in Brevard, 35 IRS certified volunteers spent over 1,937 hours preparing taxes which collectively saved Brevard low-income residents $418,162 in fees for tax preparation services.


Financial Resources

Keeping Track of your Money

Check out these online resources to help you improve your financial stability.  These sites are packed with great information and interactive budgeting tools.  
www.spendster.org    
Use the Spendster Calculator to find out what how daily expenditures on things you don’t really need add up and what your money’s worth.
www.annualcreditreport.com   
The ONLY source for your FREE credit reports
www.ftc.gov  
Includes “Facing Foreclosure” 
https://www.mint.com/
From money and budgeting to customized tips and more—get a clear view of your total financial life 
www.mymoney.gov
Making the most of your money starts with five building blocks for managing and growing your money -- The MyMoney Five. Keep these five principles in mind as you make day-to-day decisions and plan your financial goals.
www.handsonbanking.org
Want to take charge of your own finances and reach your goals? Just pick your age group and get started!
www.americasaves.org
Once you start saving, it gets easier and easier and before you know it, you're on your way to making your dreams a reality.  
http://www.myfloridacfo.com/YMM/default.aspx
Florida Chief Financial Officer Jeff Atwater encourages you to learn more about how to protect your hard earned money, plan for the future and avoid falling victim to various financial frauds, scams and identity theft.  There are also lots of great online calculators and financial educational games for children.  
http://www.dallasfed.org/microsites/cd/wealth/index.html
Building Wealth program; interactive and mobile programs 
www.fdic.gov/consumers/consumer/moneysmart
FDIC Money Smart coursework
https://www.bettermoneyhabits.com
Build your financial know-how with free tools and information to help you make more confident decisions.
It's a simple way of getting real, practical knowledge, brought to you by Bank of America 
www.consumerfinance.gov/money-as-you-grow/
Learn about resources for parents and caregivers

“Paying for College” at www.consumerfinance.gov/payingforcollege
Make informed decisions about paying for college, from comparing costs to repaying student debt

www.consumerfinance.gov/complaint
To file a complaint about consumer financial products or services (mortgages, credit cards, student loans, bank accounts, credit reporting, auto loans, debt collection, payday loans, money transfers, and more), or call 855-411-CFPB. The CFPB call center offers assistance in 189 languages

“Owning a Home” at www.consumerfinance.gov/owning-a-home
To make informed decisions about buying a home, from interest rates to loan options to closing with ease
www.consumerfinance.gov/older-americans/
To learn how to prevent elder financial exploitation and to view easy-to-understand booklets to help financial caregivers for older Americans 
www.consumerfinance.gov/servicemembers/
To learn about financial resources and financial protection for service members
www.smartaboutmoney.org 
compound interest calculators, budget calculators and resources regarding money management
www.powerpay.org 
calculates your debts and offers the best payment plan
www.choosetosave.org
money management resources
www.consumerfinance.gov 
money management resources and free materials
www.ftc.gov 
Federal Trade Commission - money management resources and free materials
www.americasaves.org 
money management resources