LIVE VIDEO: 207    Watch
 

Earned Income Tax Credit awareness

7:12 PM, Jan 31, 2012   |    comments
  • Share
  • Print
  • - A A A +

AUGUSTA, Maine (NEWS CENTER) - If you work but don't make much money, you might be able to get something extra in your income tax return.

It's called the Earned Income Tax Credit.

The I.R.S. is working with a number of groups and volunteers to help low income people with free tax filing clinics as a way to get the word out about the E.I.T.C.

The I.R.S. says 21% of eligible taxpayers don't even file for the credit... and that means they're leaving money on the table.

"The top level of E.I.T.C. phases out at $49,000," says Tess Armstrong from the I.R.S., "So people who earn less than that are potentially eligible for the tax credit."

"We think it's very important working families take advantage of the Earned Income Tax Credit," says Mark Millar of the Casey Family Foundation, "We want to say they earned the money. We want them to keep the money and grow the money."

The Casey Family Foundation and other groups are holding tax clinics for lower to middle income people around the state. They also provide advice for managing and growing financial assests.

There are special events this Saturday in Portland and in the Lewiston-Auburn area. You can find more information by calling the state's 2-1-1 service.

NEWS CENTER

Most Watched Videos