The Benefit Bank is a software program that can help people with low-income apply for benefits and tax credits. The Benefit Bank program is an essential tool designedto make it easier for families to do their own taxes and complete their applications for benefits. However, the tax and benefit information included in The Benefit Bank software is general information that applies to many people, but not all of them. The Benefit Bank has not been set up to cover all possible situations, and total household income cannot exceed $60,000.
The Benefit Bank collects different kinds of personal information relating to the household. This includes name, address and Social Security Number, income, expenses, assets, and in some cases, information about health and the health of family members. The Benefit Bank is approved by the IRS and the state, providing them with federal and state income tax returns through the Internet. The IRS and the state require the Benefit Bank to use stringent security measures in order to protect the data. The Benefit Bank obeys all laws that apply to it. This would include responding to a subpoena, court order, search warrant, or other legal process to disclose information provided by the client.
The AACDC works with volunteers to help people who fit this profile file their taxes and receive benefits using the Benefit Bank program.