Whats Happening

Employee Donation Fund 2011

Local Neighborhood Centers Benefit from SeaComm Donation

SeaComm donated a combined total of $5,000 to the local Neighborhood Centers of St. Lawrence County and ComLinks of Franklin County.  This financial commitment will assist the organizations in their efforts during the holiday season.  It will help to provide emergency shelter, utilities and food assistance to community families in need.  “We are extremely pleased to provide the four Neighborhood Centers and the ComLinks Food Pantry in Malone with these donations”, says  SeaComm President and Chief Executive Officer Scott A. Wilson.  “We recognize there is an ever-increasing need for food and emergency assistance for our North Country neighbors and the most concrete way to show our commitment and assist those who are helping others is with our direct financial support.”

In the course of the past four years, over $25,000 has been given by SeaComm to the Centers of Massena, Potsdam, Malone, Canton and Ogdensburg.

Super Saturday

SeaComm Federal Credit Union has added a new location for the “Super Saturday” tax event this year.  In addition to the Malone branch on Finney Blvd., the Canton branch at 101 East Main Street and the SeaComm Massena Branch at 79 Main Street IRS trained volunteers will prepare tax returns for low and moderate income workers at the SeaComm Ogdensburg Branch in Gateway Plaza.  The Massena and Malone locations host Super Saturday on January 28 while The Canton and Ogdensburg branches will hold their Super Saturday on February 4.  This event, presented by SeaComm in partnership with The IRS, The Akwesasne Housing Authority, OneWorkSource in Malone and St. Lawrence County Cooperative Extension, is designed to publicize the Earned Income Tax Credit with hopes of making sure area workers get all the tax benefits they are entitled to. 

The details

• Super Saturday – January 28, 2012 at the Massena downtown location from 9 – Noon and  SeaComm’s Malone branch from 1 – 4pm
• Super Saturday – February 4, 2012 at SeaComm’s Canton and Ogdensburg locations from 1 – 4pm
• If you worked during 2011 and earned less than $51,000 you may be eligible for free tax preparation
• Appointments are required – call 754-0566 or 1-800-764-0566
• Returns will be e-filed so refunds will be possible within 10 days with direct deposit
• SeaComm Financial Service Representatives will be available to open accounts for direct deposit
• Loans will be available to members who qualify for a refund

What you need to bring

• Proof of identification
• Social Security Cards (or Individual Taxpayer Identification Number, ITIN) for you, your spouse and dependents and/or a Social Security Number verification letter issued by the Social Security Administration
• Birth dates for you, your spouse and dependents on the tax return
• Current year’s tax package if you received one
• Wage and earning statement(s) Form W-2, W-2G, 1099-R, from all employers
• Interest and dividend statements from banks (Forms 1099)
• A copy of last year’s Federal and State returns if available
• Bank Routing Numbers and Account Numbers for Direct Deposit
• Total paid for day care provider and the day care provider's tax identifying number (the provider's Social Security Number or the provider's business Employer Identification Number)
• Information for other income
• Information for deductions/credits
• To file taxes electronically on a married filing joint tax return, both spouses must be present to sign the required forms.

EITC (earned income tax credit) information

The Earned Income Tax Credit is the federal government’s largest program benefiting working families.

The maximum amount of the credit has increased for 2011. The most you can get is:

• $5,891 with three or more qualifying children
• $5,236 with two qualifying children
• $3,169 with one qualifying child
• $475 with no qualifying children

The maximum amount of income you can earn and still get the credit has increased for 2011. You may be able to take the credit if your adjusted gross income is less than:

• $45,060 ($50,270 married filing jointly) with three or more qualifying children
• $41,952 ($47,162 married filing jointly) with two qualifying children
• $36,920 ($42,130 married filing jointly) with one qualifying child
• $13,980 ($19,190 married filing jointly) with no qualifying children

 *Interest income must be $3200 or less for the year

For more information on the Earned Income Tax Credit go to:

http://www.irs.gov/individuals/article/0,,id=233839,00.html