Earned Income Tax Credit

Given we are in the midst of tax season, I thought I would pass along a resource which may be of use to your family/friends. The government has a little known tax program called EITC. Returns from EITC can contribute a significant amount of money to families who are struggling during these financially challenging times. For qualifying families, the return could add as much as $4,824 to their 2008 annual income. If a family is qualified and has not claimed this credit in the last 2 years, they can receive as much as $14,076 for 2008. Typically any family with 2 dependants or more living on a $40,000 income or below will qualify.

If you know someone who could benefit from this they can ask their tax preparer to complete the form with their tax filings or they can go to http://www.irs.gov/individuals/article/0,,id=96466,00.html for more information. It is an easy process and could bring a lot of benefits to people, especially in these difficult economic times.

Pass it along!