Tuesday, January 27, 2009

$aveNYC Tax Refund Savings Account

El Alcalde Bloomberg announced today that some New Yorkers may be eligible for a savings account that they can open with their tax refund. You get 2 to 3 percent interest on the savings, and if you save for at least a year, the City will match 50% of your savings (up to $250).

Search the nyc.gov site or call 311 for the "select Volunteer Income Tax Assistance (VITA) sites" where you need to go to be eligible (not everyone will be, of course) to receive this benefit.

Read the full release here.
Or, if you have 17 minutes to kill, watch the video (low bandwith) (high bandwith)

Photo by Gracey Stinson via MorgueFile.com