Colorado Springs Colo. – May 6, 2015 – During the 2015 tax season, PPCC partnered with the Denver-based Piton Foundation to provide free tax preparation assistance to low- to moderate-income families through the Tax Help Colorado program helping to alleviate the burden of commercial tax preparation costs.
At PPCC’s free tax site, 29 IRS-certified accounting students spent 1,100 hours preparing and filing 775 returns for individuals with household incomes of less than $52,000, helping local taxpayers claim nearly $1,638,000 in state and federal refunds, a $138,000 increase from last year.
Many of the taxpayers who visit PPCC’s free tax site are eligible for tax benefits for working families with children such as the Earned Income Tax Credit (EITC). One of the nation’s most successful anti-poverty tools, the EITC promotes employment while providing valuable refunds to minimum-wage earners who oftentimes struggle to make ends meet for their families. At PPCC, working families claimed $674,345 in EITC refunds this year.
This year, 18 colleges participating in Tax Help Colorado operated 26 free tax sites statewide. Overall, 10,800 individuals received free tax preparation services. Tax Help Colorado helped families claim more than $20,420,000 in tax refunds, including nearly $7,600,000 from the EITC. The program helped save low-income Coloradans more than $2.8 M in commercial tax preparation costs.
Pikes Peak Community College is in its 47th year of operation and has been accredited by the Higher Learning Commission since 1975. It is a two-year college offering 158 associate degrees and various certifications in career and technical fields. With four campuses and two military education centers in El Paso County, PPCC serves approximately 21,000 students annually.
About the Piton Foundation
The Piton Foundation, which is part of Gary Community Investments, is a private, operating foundation established in 1976 by Denver oilman Sam Gary. We are committed to improving the lives of Colorado's low-income children and their families by increasing access to quality early childhood and youth development opportunities and fostering healthy family and community environments.