For many families, income tax preparation is a challenge as they try to navigate a complicated system. As a result, they often do not receive the tax benefits they are entitled. StreetCred is an innovative program established at Boston Medical Center which offers free tax services to families receiving pediatric care at BMC, who are eligible to receive the Earned Income Tax Credit (EITC) and Child Tax Credit. Based out of the Department of Pediatrics, the service functions as a solution to the financial burden a significant portion of BMC patients face from living with annual incomes below the federal poverty level. "It's truly a hospital-wide effort - from our amazing medical student tax preparers to the clinic staff referring patients to HR, Legal, Communications and Development providing operations support”, says co-founder and BMC pediatrician Lucy Marcil, MD. “StreetCred embodies the reason I work at BMC: vibrant, smart people working together toward one goal - empowering our patients to live healthier lives with better futures."
By helping families receive appropriate tax credits and their full tax refunds, the goal is to improve the overall well-being of the family's health through poverty reduction. By achieving greater financial stability, families and their children have higher participation in their pediatric care and lower toxic stress. Since 2016, StreetCred has files returns for over 800 BMC families, which has resulted in a total return of $1.5M+.
For more information, please visit www.mystreetcred.org.