Workers may get a larger tax refund this year because of the EITC or Earned Income Tax Credit, but to get it, you must file a tax return and claim it.
Friday, January 26, 2018 marks the 12th anniversary of EITC Awareness Day, a nationwide effort to increase awareness about EITC and free tax preparation sites. This year, IRS is promoting EITC and providing information on other refundable tax credits that you may be eligible for. This includes the American Opportunity Tax Credit, the Child Tax Credit and the Additional Child Tax Credit.
In 2017, 152,000 workers received more than $355 million in EITC refunds in West Virginia.
Why is it important to have an EITC Awareness Day each year? One-third of the EITC population changes each year. The IRS estimates that four out of five workers claim the EITC they earned. This leaves billions of dollars on the table each year. We want to get the word out to those who are eligible to file a tax return even if they don’t owe any tax to claim the EITC. It is money workers can use for groceries, rent, utilities and other bills.
In efforts to educate the public about the EITC, CHANGE, Inc. hosts volunteer income tax assistance sites, also known as VITA, around the Ohio Valley area to provide FREE tax prep to eligible individuals. Jim Boniey, Director of Program Operations at CHANGE, Inc. stated, “Through our VITA sites last year, we provided 3,283 individuals and families with free tax preparation and education about the Earned Income Tax Credit.”
If you have any questions about the VITA sites, EITC, or need more information on CHANGE, Inc.’s programs and services, please call Jim Boniey at 304-797-7733 or visit www.changeinc.org.