Most Americans Unaware of Free Tax Help
TaxAct®, the leading provider of affordable digital and download tax preparation solutions, reminds consumers with simple federal returns (1040 EZ/A) that they can use TaxAct Online Free Edition to file for the Earned Income Tax Credit (EITC) without paying any tax preparation or filing fees. Volunteers certified by the Internal Revenue Service help local residents determine if they qualify for the federal Earned Income Tax Credit program and other refunds and credits due. “She also paid in daycare, she has two kids at home and she’ll get about a $5,000 refund just on that”. Executive Director Paul Bailey said it’s a much-needed bonus for families with a $54,000 annual income or less.
“The highest credit that you can get is if you have 3 kids or more, however if you 2 kids, a kid or no kids at all, you can still qualify for the credit if you meet the requirements”, Castro-Nunez added.
“Sometimes they get a parent will get into a squabble because they have joint custody between the parents”. Filers with no children can get back up to $503.
The Earned Income Tax Credit Coalition has set up sites in Clinton, Essex and Franklin counties.
You can check that on the Colorado Enrolled Agents registry or with the Better Business Bureau.
“Goodwill encourages you to find out if you are eligible to claim the Earned Income Tax Credit”, said Gibbons. These refunds include the Premium Tax Credit, American Opportunity Tax Credit and the Child Tax Credit. Volunteers will help people file tax returns electronically.
Last year, 27.5 million consumers received an average $2,400 in EITC, totaling about $66.7 billion1.
Too few people know about this tax credit.
Tens of thousands of Philadelphia’s poorest citizens leave millions of dollars in federal tax credits on the table each tax season.
Sites offering free income tax services through the United Way of Monterey County’s VITA program are: Hartnell College, CET Salinas, Cesar Chavez Library, Salinas; Salinas One Stop; Seaside One Stop; CET Soledad; Salvation Army Salinas Corps; Marina Library and Monterey Peninsula College. To access EITC planning tools, visit MyFreeTaxes.com.