Last year more than 27 million eligible workers and families received over $67 billion with the Earned Income Tax Credit (EITC). However, every year the IRS estimates that one out of five qualified taxpayers are leaving money on the table by not using the credit. On January 27, also known as EITC Awareness Day, those who qualify can receive help to keep that money in their pocket.
Tag: Tax Services
Help Hardworking Americans Receive Tax Returns on March 15
Each year the Volunteer Income Tax Assistance (VITA) program puts billions of dollars back in the pockets of low-income taxpayers nationwide. The VITA program is an IRS program designed to help low and moderate-income taxpayers complete their annual tax returns at no cost. The program was originally founded in 1971 and the concept is to provide local taxpayers with free tax return preparation by accounting students, in effort to provide both a valuable community service and a powerful hands-on learning experience for the accounting students. The program grew from a small group of dedicated accounting students to what is now a nationwide program that serves millions of taxpayers.
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The Earned Income Tax Credit Works for You
We work hard every day. Doesn’t it only make sense that your hard work shouldn’t be punished by the federal government? Well last December Congress approved a sweeping set of tax policies affecting businesses and individuals. After months of difficult negotiations the final bill was set for passage. Among the tax policies Congress approved was a change that made permanent Earned Income Tax Credit (EITC). Goodwill is supporting the EITC during Assets & Opportunity Network’s Week of Action, and this Friday, January 29 is EITC Awareness Day.
Tips to Keep Your Credit from Hurting Your Career
How and when an employer can pull your credit report is governed by the Fair Credit Reporting Act and state regulations. So what do you need to do if you are in a state that can use your credit report for employment decisions? Find out if you are and what you can do to deal with any potential issues.
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