Financial Stability

Financially stable individuals are better able to care for themselves and their families. Income may affect a person’s ability to afford educational experiences and cultural experiences, to finish high school and to continue education beyond high school. A good education is important to be competitive in the job market. People with higher earning power in their working years are more likely to have the ability to save for emergencies and retirement. Income also affects people’s health. People are better able to purchase and eat nutritious food, engage in physical activities and have health care.

Intended Results for Financial Stability:

  • Lower-income working families move toward financial independence
  • Working families increase their income
  • Lower-income working families have savings or checking accounts and money saved for emergencies
  • Lower-income working families build appreciable assets


Individuals and families are struggling to make ends meet due to the significant increase in cost of living, low wages, unemployment and lack of affordable housing. Green Mountain United Way has identified Financial Stability as a priority and is helping individuals to increase income, build savings and gain and sustain assets through its own Financial Literacy Program and the following community initiatives.

Listing of Financial Literacy Programs — Spring 2015

In collaboration with high schools, colleges, local financial institutions and community groups, Green Mountain United Way is hosting financial literacy workshops throughout its five-county region, providing individuals with resources and information on budgeting, savings, credit, credit scores and reports, identity theft, online banking, investing and retirement. For information about the GMUW financial literacy workshops, contact Nelson Baker at 802-745-0101 or

Financial Education Toolkit

Youth Financial Literacy Flyer

Earned Income Tax Credit

What is the Earned Income Tax Credit EITC?

It’s a federal income tax credit for people who work, but don’t earn much money. If you qualify, it could be worth over $6,000 this year. So you could pay less federal tax or even get a refund. But it’s not just about the money, it’s about the difference it can make in your life.

Am I eligible for the EITC?

You may be if you meet the rules to claim the credit.

  • You must have earned income from employment or self-employment.
  • Your earned income must be less than:
    • $14,820 single, head of household or widowed (or $20,330 married filing jointly) with no qualifying children;
    • $39,131 ($44,651 married filing jointly) with one qualifying child;
    • $44.454 ($49,974 married filing jointly) with two qualifying children;
    • $47.747 ($53,267 married filing jointly) with three or more qualifying children.
  • 2015 Tax year maximum credits:
    • $503 with no qualifying children
    • $3,359 with one qualifying child
    • $5,548 with two qualifying children
    • $6,242 with three or more qualifying children
  • There is a limit on the amount of investment income (such as interest) that you can have.
  • Your filing status cannot be married filing separately.
  • You must be a U.S. citizen or resident alien all year, or a nonresident alien married to a U.S. citizen or resident alien and filing a joint return.
  • You must have a valid Social Security number (SSN).
  • You cannot be a qualifying child of another person.
  • If you do not have a qualifying child, you must:
    • be age 25 but under 65 at the end of the year,
    • live in the United States* for more than half the year, and
    • not qualify as a dependent of another person.

* U.S. military personnel on extended active duty outside the United States are considered to live in the United States while on active duty.

See if you qualify. Visit

Green Mountain United Way is partnering with the United Ways of Vermont and the IRS to promote the EITC to ensure Vermonters are receiving the credits for which they are eligible.