January 29 2014
Operation HOPE Helps Promote EITC Awareness Day, January 31, 2014
The Internal Revenue Service wants qualifying workers to take advantage of the tax benefit
WASHINGTON, DC – January 30, 2014 – Financial dignity leader Operation HOPE will join the IRS on Friday, January 31, to launch Annual Earned Income Tax Credit (EITC) Awareness Day, an extensive campaign to promote awareness amongst those taxpayers who qualify for tax credit but do not claim it on their return.
This year’s event is particularly important in today’s economy; more workers may qualify due to reduced incomes. EITC can make their lives a little easier. The credit can increase their federal income tax refunds from $1 to more than $6,044- depending on their individual circumstances. But to get their EITC, they must know about the credit, then file and specifically claim it.
Earners with incomes of less than $51,567 should check for EITC eligibility. On average, EITC adds $2,300 to working families’ refunds. It can mean an additional $487 for people without children up to $6,044 for those with three or more qualifying children. Last year, more than 27 million workers received $67 billion in EITC refunds.
The benefit is available to the following workers:
• Newly eligible taxpayers due to changes in their income, marital or parental status during 2013
• Farming workers and others living in rural areas
• Self-employed individuals
• Workers with disabilities
• Workers in non-traditional situations, such as grandparents raising grandchildren
• Childless workers, especially those whose earnings may be too low to require filing
• Workers with limited English proficiency
This year marks the 8th year for the IRS promotion. Operation HOPE has actively promoted EITC since 2006, after partnering with President Clinton to promote the Clinton Foundation’s Earned Income Tax Credit Awareness (EITC) Program.
HCA employees will also participate in the campaign launch by handing out flyers at various community locations in Los Angeles, New York, New Jersey and Alabama on January 31st. They will also advise all disaster recovery clients of this tax benefit during February and March.
Currently, the program falls under HOPE’s Project 5117 umbrella and with special seminars on EITC being conducted at various HOPE Financial Dignity Centers and HOPE Insides. To find out more check with your local center or visit the free IRS site.