To the editor
Every penny counts in today’s economy, yet many working people are overlooking an important tax credit that could put anywhere between $2 to more than $5,600 into their pockets. The Earned Income Tax Credit, or EITC, is a financial boost for working people hit by hard economic times.
Many people will qualify for EITC for the first time this year because their income declined, their marital status changed, or they added children to their families. Yet the IRS estimates that one out of every five eligible workers fails to claim their EITC.
Anyone with 2010 earnings under $48,362 from wages, self-employment, or farming should see if they qualify. They earned it. Now they just need to file and claim it. More information can be found at www.irs.gov, keyword: EITC. An IRS online assistant can help determine a person’s eligibility and compute the amount of their credit.
EITC has been making the lives of working people a little easier for 36 years. Today, more than ever, hard-working individuals and families can use a little extra help — they earned it.