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Dayton launches SOAR to Savings pilot to pair EITC tax filing with four-week financial-education stipend
Summary
City officials introduced a pilot SOAR to Savings program that links VITA tax-filing work with a four-class financial education series and a $1,500 stipend intended to support low- and moderate-income residents receiving the Earned Income Tax Credit.
Lamont Hall, executive director of the Human Relations Council, told the Dayton City Commission that the city is launching a SOAR to Savings pilot tied to the Dayton Recovery Plan to help Earned Income Tax Credit-eligible residents build financial literacy and banking access.
The program will require participants to be City of Dayton residents, use the VITA (Volunteer Income Tax Assistance) tax service and qualify for the Earned Income Tax Credit, Hall said. Participants who complete four Thursday classes – covering budgeting, banking basics and credit – will be eligible for a $1,500 payment, though Hall said “the $1,500 is not our focus. It's…
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