New Survey Finds Majority of Millennials Stress Over Filing Taxes
23 January 2018 - 1:14AM
A new survey, conducted by United Way Worldwide, finds that 74
percent of millennial respondents indicate they felt some level of
stress around filing their returns. The survey of over 1,000
millennials (those between the ages of 18-36) reveals that common
stressors include making a mistake (48 percent) and not getting a
full refund (23 percent).
Additionally, the survey found that millennials are not claiming
the tax credits that they have earned. Fifty percent of those
surveyed did not claim any tax credits last year; 67 percent of
respondents were interested in learning more about tax credits for
which they are eligible, including the Earned Income Tax Credit and
the Child Tax Credit.
United Way is proud to partner with H&R Block (NYSE:HRB) to
provide MyFreeTaxes, a valuable tool that can ease the stress of
tax season by helping filers claim the tax credits for which they
qualify. MyFreeTaxes is a free, easy and safe tool for anyone
earning less than $66,000 to file federal and state taxes.
“United Way’s free tax preparation service, MyFreeTaxes, is the
longest standing service provided by a nonprofit,” said Mary
Sellers, U.S. President, United Way Worldwide. “Our mission is to
help every person in every community achieve financial stability.
With so many millennials experiencing stress during tax season, we
encourage them - and any qualifying individual - to use our free
and easy tax preparation service. The tool will help them claim all
the credits they deserve and save on tax filing fees in order to
pay down debt, increase savings and reduce the stress they feel
around tax season.”
MyFreeTaxes is completely free for households that earned less
than $66,000 in 2017. United Way and longtime partner, H&R
Block, have provided free tax filing services for federal and state
taxes in all 50 states and the District of Columbia since 2009,
helping almost one million taxpayers claim every tax deduction and
credit for which they are eligible. These tax deductions and
credits lead to refunds, totaling $180 million since 2009, that
enable individuals and families to improve their financial
stability by putting more money back in their pockets. United Way
believes that people everywhere should have an opportunity to
advance their economic status and is proud to partner with H&R
Block to provide a valuable tool to help people better manage their
money and get on more solid financial ground.
MyFreeTaxes
Qualifying filers, those earning less than $66,000, can enter
data into a secure website, MyFreeTaxes.com, anytime, from
anywhere, making it easy to update the documents from home, at work
or on mobile devices. The service also includes a helpline,
1-855-MY-TX-HELP, which operates through April 30 from 10:00 am
until 10:00 pm EST Monday through Friday and noon to 9:00 pm EST
Saturday. The website also provides a live chat function.
MyFreeTaxes is provided by United Way and H&R Block, which
offers safe and secure software and guarantees that tax returns are
100 percent accurate.
About United Way Worldwide
United Way fights for the health, education and financial
stability of every person in every community. Supported by 2.9
million volunteers, 9.8 million donors worldwide and $4.7 billion
raised every year, United Way is the world’s largest
privately-funded nonprofit. We’re engaged in 1,800 communities
across more than 40 countries and territories worldwide to create
sustainable solutions to the challenges facing our communities.
United Way partners include global, national and local businesses,
nonprofits, government, civic and faith-based organizations, along
with educators, labor leaders, health providers, senior citizens,
students and more. For more information about United Way, please
visit UnitedWay.org. Follow us on Twitter: @UnitedWay and
#LiveUnited.
About H&R Block
H&R Block, Inc. (NYSE:HRB) is a global consumer tax services
provider. Tax return preparation services are provided by
professional tax preparers in approximately 12,000 company-owned
and franchise retail tax offices worldwide, and through H&R
Block tax software products for the DIY consumer. H&R Block
also offers adjacent Tax Plus products and services. In fiscal
2017, H&R Block had annual revenues of over $3 billion with 23
million tax returns prepared worldwide. For more information, visit
the H&R Block Newsroom.
Media Contact
Southerlyn Reisig, United Way
southerlyn.reisig@uww.unitedway.org Tel. 703.836.7100 ext.321
Christine Sanchez, United Way
christine.sanchez@uww.unitedway.org Tel. 703-836-7100 ext. 564
Susan Waldron, H&R Block susan.waldron@hrblock.com Tel.
816-854-5522
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