L.I.F.E. Financial Assistance Organization is a 501(c)(3) nonprofit organization founded in 2020 and based in Virginia Beach County. We provide financial awareness to low-income families and individuals by way of financial literacy workshops and seminars for low-income families. Individual income MUST be 250 percent of the current IRS federal poverty guidelines to be eligible for assistance. Call us for more information and to schedule an appointment.
Provide one-on-one free financial consultation to help with budgeting, savings, or retirement planning. L.I.F.E. provides guidance and resources necessary to reach your financial goals and provide personal financial planning. We can coach you through behavioral finance and provide effective planning and advice to help strategically rebalance your portfolio and, more importantly, help you stick to your financial plan to stay on track to reach your goals.
We offer reliable, professional, and confidential tax preparation for low-income families and individuals. Free or low-cost tax preparation is available for individuals that qualify for assistance. A taxpayer's income must be below 250 percent of the current year's federal poverty guidelines to be eligible for assistance.
Small Business Setup
Starting a business can require a lot of work, money, and time. With so many ways to start a business, L.I.F.E. can help to make sense of them all to get you started on the right path. Let us help make your dreams a reality!
Low-Income Family Education
Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning.
We provide information and resources to help with rent, utilities, and free or low-cost tax preparation.
Financial Literacy Workshops
L.I.F.E. provides informative and instructional classes that focus on different economic subjects. These workshops are designated to equip low-income families and individuals with the knowledge, skills, and resources necessary to help with finances and wealth building. We will be offering workshops on tax compliance and tax Reform: It's all about the taxes! Call us for more information.
W-4 Form Be Informed
Find out if you need to fill out a new Form W-4 to make sure you’re having enough federal tax withheld from your paycheck.
Protect Against Tax-Related Identity Theft
With more taxpayers and tax preparers working remotely, identity thieves are trying to use COVID-19 to scare and scam people out of their identities or money. Everyone should remember to take basic steps to protect themselves.
Tips to Avoid Tax Return Errors
Avoid these common mistakes on your tax return, which can delay any refund you may be due.