Tax-time Savings

How a little line can add up to big savings

Oct 18, 2018 | Public Policy Blog, Tax-time Savings

Most (if not all) of us should be saving more. We know we need a financial cushion for life’s inevitable emergencies[1]. If we have children, we know we should be saving for their college. And if we plan on retiring someday, we should probably save for that, too. But...

Happy Earned Income Tax Credit Awareness Day!

Jan 26, 2018 | News, Tax-time Savings

President Ronald Reagan called the federal Earned Income Tax Credit ’the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” This Friday, January 26, 2018, is Earned Income Tax Credit Awareness Day. Nationally, an...

America Saves Week Comes to Mississippi and Arkansas

Mar 1, 2017 | News, Tax-time Savings

Financial emergencies don’t follow a schedule. Flat tires, leaky rooftops, or unexpected bills can pop-up without warning to disrupt your financial life, which is why Southern Bancorp and Southern Bancorp Community Partners are encouraging you to take the pledge to...

Turning Tax Time into Savings Time

Oct 26, 2016 | News, Tax-time Savings

When it comes to tax time, it’s probably safe to assume that most folks aren’t thinking about savings. But that’s exactly what we at Southern Bancorp had on our mind in 2016 when we unveiled the Split, Save and Win sweepstakes aimed at encouraging people to save a...

Expanding the EITC to “Childless” Workers Would Boost Financial Security for many Arkansans and Mississippians

Aug 21, 2014 | Public Policy Blog, Tax-time Savings

The Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income working people, recognized for its success in promoting work and alleviating poverty as well as offsetting payroll and income taxes. Due to its success, federal policymakers over...

VITA season is here!

Jan 21, 2014 | Public Policy Blog, Tax-time Savings

Today, Southern celebrates and kicks off its 10th year of administering the Volunteer Income Tax Assistance (VITA) program, which offers free tax preparation for income eligible individuals and families in Arkansas and Mississippi. To serve as a tax preparer for the...

Southern Bancorp Kicks Off 10th Year of Free Tax Filing Service

Jan 17, 2014 | Press Releases, Tax-time Savings

Southern Bancorp kicks off its 10th year of offering free tax filing services for income eligible individuals and families in Arkansas and Mississippi on Tuesday, January 21st. The Volunteer Income Tax Assistance (VITA) program features trained, IRS-certified...

Southern Bancorp and IRS partner to offer free tax preparation

Jan 25, 2012 | Press Releases, Tax-time Savings

LITTLE ROCK, Ark. — To give low-income working individuals and families the opportunity to have their income tax return prepared free of charge, Southern Bancorp and its nonprofit affiliate, Southern Bancorp Community Partners, are offering Volunteer Income Tax...