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LTC 233-2018 2018 Tax Preparation ServicesOFFICE OF THE CITY MANAGER NO. LTC # TO: FROM: DATE: SUBJECT: LETTER TO COMMISSION 233-2018 Mayor Dan Gelber and Members of [he City C•1' mission Jimmy L. Morales, City Manager April 26, 2018 2018 Tax Preparation Services The purpose of this Letter to Commission is to update the Mayor and Commission on the City's free tax preparation services provided to our residents during the 2018 tax season. The City's Office of Housing and Community Services has provided free tax preparation services to our residents since 2012. Each year, the City has grown the number of people it has been able to serve. This year, the City's growth rate 31.4 percent above last year's performance. The City filed 259 returns, up from 197 at the end of last tax season. The growth rate exceeded City expectations and Internal Revenue Service (IRS) targets of 10 percent year - over -year growth. Here is a quick overview of the economic impact of this service to our community: Average Adjusted Gross Income of Household Served Average Refund Received for Households Served Total Value of Refunds Processed Number of Households Receiving Earned Income Credit Total Value of Earned Income Credit Received The City offers free tax preparation services in conjunction with Assistance (VITA) program. If you have any questions, please feel free to contact Maria Ruiz, and Community Services. JLM/KGB/MLR $ 17,350 $ 1,237.49 $ 236,361 84 $ 107,524 IRS via its Volunteer Tax Director, Office of Housing