Wednesday, January 25, 2012

Earned Income Tax Credit Can Put Money in Your Pocket!

I hope you’re planning to join us at Catalyst Miami and the IRS and thousands of other community leaders on Friday, January 27, 2012, as we reach out to people earning under $49,078 on EITC Awareness Day. You could be eligible to get more money back from the IRS - as much as $5,751. If you earned less than $49,078 from wages, self-employment, or farming last year, you may qualify for the Earned Income Tax Credit  - or EITC.
EITC is a financial boost for working people in a recovering economy. You may be among the millions who will qualify for the first time because your financial, marital or parental status changed in 2011.
Eligibility is based on several factors, including the amount of earned and other types of income, or combined income if married, whether you have qualifying children and how many. Workers without children may also qualify.
Four of five eligible people claim and get their EITC. Use IRS's online EITC Assistant to see if you qualify. If so, you must file and claim the credit to get it.
Free help is available at volunteer income tax assistance sites. Locate a volunteer site by calling your community's 211 or 311 number for local services or call the IRS at 1-800-906-9887.
Get back even more if your state also has an EITC.
EITC. You earned it. Now file, claim it and get it.

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