|ASSOCIATION OF INDEPENDENT CONSUMER CREDIT COUNSELING AGENCIES|
Consumer credit counseling, debt management, and financial education services provided by non-profit credit counseling companies designed to establish equilibrium between consumers, creditors, and member agencies for the successful rehabilitation of debt-challenged families and individuals.
AICCCA Press Release
AICCCA Advises Consumers to Plan at Tax Time
Fairfax, VA - February 11, 2013 - Tax time in America is a time of great divide. On one side are those who will receive a refund and on the other are those who will owe additional taxes.
"Both sides need a plan," said Dave Jones, president, Association of Independent Consumer Credit Counseling Agencies. "Those receiving a refund should make the most of their money and those who owe need to figure out how they will pay."
AICCCA says consumers looking forward to a refund should resist any refund anticipation offers and sales and save at least a part of the amount received. Following are three suggestions to save refunds wisely:
For those consumers who must pay, AICCCA offers these tips:
Filing on time is important for both sides as is an annual W4 form review. Large refunds mean giving Uncle Sam an interest free loan every year. Decrease the amount you are withholding by increasing your deductions and earn that interest for yourself. If you consistently owe, decrease your deductions. You will bring home less money each paycheck, but it will be less painful than coming up with a large amount at tax time next year.
Founded in 1993, Association of Independent Consumer Credit Counseling Agencies (AICCCA) is a national membership organization, established to promote quality and consistent delivery of credit counseling services. AICCCA and its members are focused on improved creditor relations, efficient processes and advanced technology to best serve clients and creditors. AICCCA members are independent nonprofit agencies that advocate for debtors, counsel millions of consumers annually nationwide and provide debt management services to consumers with excessive unsecured debt. For more information or to contact an AICCCA member office call 866-703-TRUSTAICCCA (866-703-8787) or visit www.aiccca.org.