LEXINGTON, Ky. (WTVQ) – Benjamin Franklin said, “Nothing is certain except death and taxes.” Doing your taxes can be the death of you. The process can be confusing, intimidating and frustrating. That’s where CKEEP comes in, that stands for Central Kentucky Economic Empowerment Project, which is a coalition led by United Way of the Bluegrass.
It partners with the IRS to provide free tax preparation to low-income families, raise awareness about the Earned Income Tax Credit and help families build assets. Thanks to the work of hundreds of volunteer tax preparers, families are able to save their much-needed money while strengthening our overall economy.
Each year, millions of dollars are lost by hard-working families in the Bluegrass who do not file for their Earned Income Tax Credit (EITC) during tax time. That money is lost to them and the local economy.
The IRS estimates that approximately 20 to 25 percent of those eligible for the credit do not claim it because they don’t know they are eligible for it, they don’t know how to claim it, or they don’t know where to go for assistance.
CKEEP’s goal is to make eligible households aware of the credit and help them claim it without having to pay for tax preparation and filing services.
The free tax preparation provided by CKEEP and its volunteer tax preparers offers immediate savings to Central Kentuckians. This past tax season, CKEEP saved its clients at least $775,000 in tax preparation fees.
To see if you qualify for CKEEP, visit www.uwbg.org.