Earned Income Tax Credit (EITC)

EITC: Earned Income Tax Credit Did you know that you might be eligible to claim $6,143 in tax credits this tax season! United Way’s Financial Stability Coalition promotes initiatives that improve access to programs and education that strengthen the financial foundation for local families. One way of doing this is through the EITC, which helps more children transition out of poverty than any other federal program. EITC dollars can be used in many ways to improve financial stability including reducing debt and building savings. EITC also helps boost the local economy. In 2012 alone, $576 million of refunds were distributed in Central Florida. EITC can be claimed retroactively for up to three years, so if you missed your chance in the 2013 tax year you can still claim those benefits this year. To learn if you may be eligible for EITC click here: http://www.hfuw.org/Earned_Income_Tax_Credit.php