Wednesday, January 14, 2009

Earned Income Tax Credit

Our local IRS office shared this recent update regarding the Earned Income Tax Credit (EITC):
  • One in four eligible taxpayers fail to claim their EITC. Are you one of them?
  • Get free help to determine your eligibility — use the EITC Assistant on IRS.gov, visit a volunteer site or IRS Taxpayer Assistance Center, or call 800-829-1040.
  • Life’s a little easier with EITC.
  • If your financial, marital or parental status changed this year, see if you qualify.
According to AARP's Grandparents Tax Tips this is one of three tax credits for those raising children including grandparents.

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