Friday is Earned Income Tax Credit Awareness Day
Jan. 22, 2013 at 9:01 p.m.
Updated Jan. 21, 2013 at 7:22 p.m.
Workers eligible for the Earned Income Tax Credit can receive up to $5,981 by claiming it on their 2013 Federal tax returns. And, while four out of five people who claim the credit receive it, millions more miss out because they don't file returns.
It's something the Victoria Volunteer Income Tax Assistance Coalition hopes to change.
Friday is Earned Income Tax Awareness Day, a chance to educate others about this potential income boost, according to a coalition news release. Crossroads residents are encouraged to get word out to others in the community who might be eligible.
Free tax preparation assistance is available from trained Volunteer Income Tax Assistance Coalition volunteers Jan. 29 through April 13 at the Victoria College Continuing Education Building, 2200 E. Red River St. Hours are from 5 to 7 p.m. Tuesdays and from 9 a.m. to 1 p.m. Saturdays, according to the release.
Assistance is available to those filing simple returns, with an income less than $51,000.
To help preparers accurately determine tax credit eligibility, individuals should bring:
Social Security cards for themselves, their spouse and all dependents. Social Security number verification letters issued by the Social Security Administration are also acceptable.
Birth dates for all those listed on the tax return
Wage and earning statements, W-2, W-2G and 1099-R forms from all employers
Interest and dividend statements - Forms 1099 - from banks
Copies of their prior year federal and state returns, if available
Bank routing and account numbers for direct deposits of refunds
Other relevant information regarding income and expenses
Amounts paid for daycare, if applicable, and the daycare provider's identifying number
Both spouses must be present to sign joint returns.
The added money brought on by the Earned Income Tax Credit can make a difference, said Debbie Andrews, a senior tax consultant with the Internal Revenue Service and member of the tax assistance coalition.
"EITC is a financial boost for working people in a recovering economy and allows more funds to flow within your community," she said in the release. "It's money that can make lives a little easier."
For more information, email firstname.lastname@example.org or call 361-578-2989.