Single Stop's Named a Leading Tax Time Ally by Intuit Financial Freedom Foundation for its Effort in Assisting Working Families and Underserved Communities with Tax Preparation
SINGLE STOP AWARDED $150,000 BY INTUIT FINANCIAL FREEDOM FOUNDATION TO EXPAND ITS VIRTUAL TAX SERVICES TO RURAL COMMUNITIES
New York, NY— Single Stop—a nonprofit that provides benefit screening to connect individuals to eligible benefits and resources, including free income tax return preparation—has been recognized by Intuit Financial Freedom Foundation (IFFF) as a Leading Tax Ally for assisting working families and individuals from underserved communities with tax preparation. The foundation has awarded Single Stop $150,000 to help expand its virtual tax preparation service to underserved rural communities.
Single Stop has been part of the VITA (Volunteer Income Tax Assistance) community since 2007, providing training, operational support, and direct operations for VITA sites. Currently, Single Stop supports more than 30 sites in New York City, at Central Piedmont Community College in Charlotte, North Carolina, and at the Community College of Philadelphia.
In 2022, Single Stop served over 18,000 income tax filers mostly from populations in historically new immigrant areas of New York City. Of the 18,000 individuals helped by Single Stop:
· They had an average income of $20,000;
· 4,927 received the Earned Income Credit;
· 34% were Latinx; and
· 38% were African American.
“We’re proud to count Single Stop as a Tax Time Ally and longstanding partner in helping the underserved with tax preparation,” said Paul Lindsay, Director of Global Public Affairs at Intuit. “We want people to feel confident their taxes are done right and for families who rely on their return checks to save as much time and money as possible. Together we embrace tax time as a powerful opportunity for individuals and families to take stock of their finances and help those working towards a better financial future.”
“We are honored to be recognized by Intuit for our work assisting individuals from predominantly underserved communities with their tax preparation,” said Martin Hanna, President of Single Stop. “Tax preparation can be a confusing maze for many and thanks to the generous gift from the Intuit Financial Freedom Foundation, we will be able to greatly expand our reach using our virtual program in hard-to-reach areas, such as rural communities. This grant will help a lot of people.”
About Single Stop
A nonprofit organization founded in 2007, Single Stop’s mission is to equip others to build pathways to an economically sustainable future by leveraging partnerships and technology to connect people to valuable resources. Since its inception, Single Stop’s in-house tax program brings Volunteer Income Tax Assistance (VITA) services to underserved communities nationwide.
In FY2022, Single Stop has provided individuals and families with eligibility results for benefits and resources valued at $330 million, with each household connected to an average of $12,600 of needed supports. By combining their community networks and cutting-edge technology, Single Stop’s unique one-stop-shop model helps organizations provide their clients with centralized access to tools essential for building a pathway to a sustainable future.
Single Stop is a company of The Fedcap Group. Since 1935, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group generates more than $400M of revenue annually to serve over 250,000+ people each year across an international footprint. The work of The Fedcap Group is structured within four major areas of practice—workforce development, educational services, health services, and economic development— and delivered through a growing number of top-tier companies—each focused on helping people achieve long-term economic well-being.
About Intuit & Intuit Financial Freedom Foundation
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With more than 100 million customers worldwide using TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper.
Intuit Financial Freedom Foundation is Intuit’s charitable foundation dedicated to public/private/not-for-profit partnerships and programs that help bring opportunities to prosper to all, especially those living with lower incomes. Intuit believes citizen engagement in preparation and filing of tax returns is an important, empowering opportunity for Americans to understand and improve their personal financial lives. This is especially true for Americans earning lower incomes – and why Intuit has donated TurboTax to millions, founded “Tax Time Allies,” and provides funding and other support to nonprofits that build financial freedom – including savings – for those who need it the most.
About Tax Time Allies
Tax Time Allies is dedicated to empowering working individuals and families to take control of their finances and save more of their hard-earned money. Allies deliver free IRS-sponsored taxpayer assistance programs — VITA, Tax Counseling for the Elderly, Free File – to low- and moderate-income individuals and families. Allies also help families learn how to invest part of their tax refund to increase savings for financial stability. The Intuit Financial Freedom Foundation is proud to sponsor and financially support Tax Time Allies. For more information, please visit www.TaxTimeAllies.org.