Don’t Forget Earned Income Tax Credit When Filing Taxes [SPONSORED CONTENT]
Have you filed your 2012 taxes yet?
Don’t forget about the Earned Income Tax Credit (EITC)
The Earned Income Tax Credit is a financial boost for people working hard to make ends meet.
Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status.
The IRS urges workers, self-employed people and farmers earning $50,270 or less in 2012 to see if they qualify by using the EITC Assistant on IRS.gov.
The EITC is a refundable tax credit.
That means you may get money back, even if you have no tax withheld.
Nationwide last year, over 27 million eligible individuals and families received nearly $62 billion in EITC.
Locally, the Mohawk Valley Asset Building Coalition and the Resource Center for Independent Living (RCIL) helped returned over $2.4 million to 2,700 households last year.
For more information on the EITC, visit www.irs.gov.
This article is sponsored by Liberty Tax located on Seneca Turnpike in New Hartford.
Contact the New Hartford office today to schedule your tax preparation at 315-736-7915.