Millions missing out on Earned Income Tax Credit

12 F
EYEWITNESS NEWS CALL
12 FOR ACTION...
YOU MAY BE MISSING OUT
ON MONEY.
(KS)
EVERY YEAR - MILLIONS
OF LOW AND MODERATE
INCOME WORKERS LEAVE
TAX CREDITS ON THE
TABLE.
EYEWITNESS NEWS
CONSUMER REPORTER
SUSAN CAMPBELL
EXPLAINS.
ACCORDING TO THE IRS -
MILLIONS OF PEOPLE SIMPLY
DON'T REALIZE THEY QUALIFY
FOR THE EARNED INCOME TAX
CREDIT...
SARAH MORALES AND HER
HUSBAND BECAME
HOMEOWNERS IN 2014....
having a house is a dream for
every
family and I thank God for my
house.
THE COUPLE SAVED UP FOR
THE DOWN PAYMENT WITH
THEIR EARNED INCOME TAX
CREDITS.
my husband and I, we work hard
and we get the EITC refund every
year, so we decided to set
something aside b/c we'd love to
buy a house. That eitc helped us
to
reach our dream.
ACCORDING TO THE IRS - LAST
YEAR MORE THAN 27 MILLION
WORKERS AND FAMILIES
RECEIVED ALMOST 67 BILLION
DOLLARS IN EARNED INCOME
TAX CREDITS.
THE AVERAGE AMOUNT - 2,455
DOLLARS.
that injected nearly 200 million
dollars into the RI economy.
the problem is only 4/5 eligible
families took it.
so if you do the math, if you
get that
additional family in, that 1 / 5
family
in, then we could add another
50
million ddollars injected right
into
this RI economy.
IF YOU EARNED 53,505 DOLLARS
OR LESS LAST YEAR - YOU MAY
QUALIFY.
ACCORDING TO THE IRS -
ELIGIBILE FAMILIES WITH 3 OR
MORE QUALIFYING CHILDREN
COULD GET A MAXIMUM CREDIT
OF MORE THAN 62-HUNDRED
DOLLARS.
FOR PEOPLE WITHOUT KIDS -
THE CREDIT COULD ADD 506
DOLLRS TO THEIR TAX REFUND.
this is money that working
families
have earned. It's coming back to
thme.
very often helps people pay a
bill, fix
a car,
do things that are really
challenging
to those that are struggling.
IF YOU ARE GETTING THIS
CREDIT - YOU WILL HAVE TO
WAIT FOR YOUR TAX REFUND.
A NEW LAW REQUIRES THE IRS
TO HOLD ALL REFUNDS
CLAIMING THE EARNED INCOME
TAX CREDIT AND THE
ADDITIONAL CHILD TAX CREDIT
UNTIL FEBRUARY 15TH.
IF YOU HAVE A CONSUMER
PROBLEM YOU NEED HELP
SOLVING - CONTACT OUR CALL
12 FOR ACTION CENTER
MONDAY THRU THURSDAY
FROM 11 UNTIL 1 - OUR HOTLINE
IS 228-1850.
SUSAN CAMPBELL -

Millions missing out on Earned Income Tax Credit

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