CA$H Maine

Creating Assets, Savings & Hope

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Tax prep volunteer puts minds at ease

Posted February 28, 2017

Longtime L-A CA$H volunteer Monica Lee sits at the Lewiston Memorial Armory recently during a daily tax preparation session.   Lee, who has been assisting residents with taxes for 10 years, says the program helps people “ease their mind.”  Written by Andrew Rice and published in the Sun Journal on February 20, 2017.  Not many… Read more

Mother and son at window of the Dutch Treat

CA$H Maine Celebrates EITC Awareness Day

Posted January 27, 2017

What is the Earned Income Tax Credit (EITC)? Each year, the Earned Income Tax Credit (EITC) supports the financial stability of over 27 million of low-and moderate-income workers by reducing the regressive federal tax burden on low-wage earners.  Depending on a worker’s income, the amount of taxes owed may be less than the credit and… Read more

Words about debt

Help Close the Debt Trap

Posted September 6, 2016

According to the Maine Center for Economic Policy “Payday loans notoriously carry high APRs (annual percentage rate). In Maine, the rates are as high as 217%! Strategically located in low-income neighborhoods or on the internet, payday lenders intentionally trap borrowers in debt that they cannot escape. The average payday borrower is trapped by ten transactions… Read more

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The Racial Wealth Gap

Posted June 13, 2016

  Did you know that 2/3 of people living in the USA live paycheck to paycheck? For those that experience this, it is hard to build wealth when there is nothing left at the end of the month to save or invest. Wealth inequality is becoming just as a big of a problem as income inequality…. Read more

Maine State House

Update: LD 1318 Work and Save

Posted June 7, 2016

LD 1318, known by its shortened name, Work and Save, did not survive the legislative process this past session in spite of  the concerted efforts of a group of  advocates led by Amy Gallant of AARP, and  supported by Eloise Vitelli for CA$H Maine and NVME, among others. Conversations have already begun, however, to re-introduce… Read more

Smiling mother with baby working with computer at home

Payback Playbook for Student Loans Unveiled

Posted May 9, 2016

On April 28th the Consumer Financial Protection Bureau (CFPB) released information that they were making available a prototype of the Payback Playbook for consumers to review.  The Payback Playbook will allow consumers with student loan debt to view personalized payment options on their bill, online and through email to see what options would be most… Read more

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Work and Save LD 1318: Help Us Spread the Word

Posted February 11, 2016

What is Work and Save? Work and Save is the short/working title of a bill before the Maine Legislature that would make it easier for employees of Maine’s small businesses to save for retirement.  Representative Henry Beck of Waterville is the primary sponsor. The official title of LD 1318 is “An Act to Promote individual… Read more

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Press Release: EITC Awareness Day at the State House

Posted January 26, 2016

FOR IMMEDIATE RELEASE January 26, 2016                Contact: Janet Smith (207) 778-2757 CA$H Maine Celebrates EITC Awareness Day, Announces Goal to Help 1,500 Maine Families Take Advantage of Tax Credits and Achieve Financial Stability AUGUSTA – Members of the Maine legislature joined family success and stability advocates and others today at an… Read more

Nationallly, 20% of EITC-eligible workers overlook the credit and miss out on cash back at tax time. We're working to ensure that 100% of eligible Mainers receive this vital tax break. Cash Maine. Creating Assets, Savings & Hope.

EITC Awareness Day State House Event

Posted January 22, 2016

The federal Earned Income Tax Credit (EITC) is one of our nation’s most powerful anti-poverty programs. Maine is one of 26 states to offer an EITC of its own to complement the federal credit. Join us on Tuesday, 1/26 to learn more about how the EITC helps low-wage workers, and the steps our state has… Read more