News | Press Release
Earned Income Tax Credit Awareness Day! - Educate
the community on this important tax credit on January 31
Inland Empire, CA (January 25, 2008) – You work hard,
right? So why not keep more of your own money? The Earned Income
Tax Credit (EITC) is a special tax benefit for low-income,
working people that reduces the amount of money owed and may
result in a tax refund. EITC Awareness Day, on January 31, is an
event organized by the Internal Revenue Service (IRS) and its
stakeholders to educate the public about the EITC. The date
coincides with the deadline for employers to provide employees
with their Form W2. Also, during the month of February, more
than 60 percent of all EITC claims are filed.
Congress originally approved the tax credit legislation in 1975
in part to offset the burden of social security taxes and to
provide an incentive to work. To quality for the EITC, a person
must be a U.S. Citizen or California resident and meet other
specific requirements based on marital status, number of
children, age and household income. Taxpayers must file a
federal return - even if their income is so low that they
normally would not file a tax return.
Need help filing your return? The Volunteer Income Tax
Assistance (VITA) program offers free tax preparation and filing
for low-income taxpayers. Inland Empire United Way (IEUW) is
working with Cal State San Bernardino, Cal Poly Pomona and other
organizations to offer VITA program sites in Pomona, Fontana,
Rancho Cucamonga and Mentone. Union Bank of California has
provided partial funding for these programs.
|
California (State)
EITC statistics |
|
Recipients
Dollars
Population:
Households:
Poverty Pop. |
2,294,930
$4,414,804,432
33,872,648
11,512,020
2,668,618 |
|
www.irs-eitc.info |
“These VITA sites are helping low-income families receive the
money that belongs to them," said Allan Collins from IEUW. "The
dollars will help lift hard-working families out of poverty and
fuel the economy. More detailed information on VITA locations,
times and materials to bring to the site is available by dialing
2-1-1 or (888) 435-7565."
Find more on Earned Income Tax Credit at
www.irs.gov/eitc.
IEUW helps disadvantaged kids succeed in school, provides easy
access to health and social services and develops volunteer
opportunities to create positive change, and strengthens
financial stability opportunities for low-income families and
individuals. Learn more at
www.ieuw.org.
Contact:
Allan Collins, Inland Empire United Way, at (909) 980-2857
ext. 243
www.ieuw.org
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