The Louisville Asset Building Coalition (LABC) is dedicated to promoting financial stability and asset building for individuals and families. LABC strives to build an economic foundation that will allow members of our community to reach their highest potential.
The coalition is committed to bettering its members and the community by leveraging the success of its free tax preparation and Earned Income Tax Credit (EITC) Campaign through the Volunteer Income Tax Assistance program (VITA/EITC). LABC also provides a continuum of financial education resources and asset development initiates for Metro Louisville and Jefferson County.
Louisville Asset Building Services Offerings Include:
- FREE Tax Preparation
- FREE Tax Assistance
- Financial Empowerment
- Federal Student Aid Application Assistance (FAFSA)
- FREE Check Cashing Referral
- FREE Debit Cards
- Opening of Bank Accounts
- Savings Bonds
- Credit Reports
- Bank On Louisville Referral
LABC is the largest local preparer and tax services provider in Kentucky, serving approximately 15% of the market for families eligible for VITA within its service area. LABC has experienced tremendous growth in its free tax services over the past decade, from filing 635 returns in its first year of operation to filing 11,378 returns in the 2012 tax season. In its 12 years of service, LABC has provided free tax preparation assistance to over 85,000 filers, returning over $82 million in total refunds.
In 2012, LABC recruited 343 volunteers, providing 18,000 plus hours, who prepared taxes at all sites enabling LABC to provide services to a large number of people in many different locations.
A vital part of LABC’s success is the contributions of a network of partners including Metro United Way (MUW), PNC Bank, Louisville Urban League, Republic Bank and others. These partners make financial assistance and products available to our filers, such as free or low cost bank accounts, pre-paid cards, and free check cashing assistance.