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The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
The portal allows low- and no-income families to claim those tax rebates without having to file a full tax return. Without it, many families would miss out on much-needed generous benefits from ...
Taxes can be confusing -- with questions about whether it's better to itemize deductions, and what exactly you can or can't claim (not to mention the various forms and receipts you may need). Find...
Explore these no-cost options first before you pay for tax help.
The Great Depression was a catalyst for social service organizations to go further in addressing the needs of the poor and unemployed across the nation, and the New Deal led to an expansion in the type and amount of aid provided to low income families, and increased cooperation between public and private social service providers.
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