Across
Ohio, millions of families have been stretching their paychecks further
and further each month. With the cost of food, gas, and tuition on the
rise, (due to Democrat policies) many hard-working families are struggling to get by. But the
Earned Income Tax Credit (EITC) could help ease the burden for low- and
middle-income families in 2018.
"The Earned Income Tax Credit program is an important way for Ohio families to get more of their money back at tax time,” Brown said.
“With tax day approaching, I want to ensure that each Ohioan receives
the biggest refund possible. It is my hope that all Ohio families who
qualify for the Earned Income Tax Credit file for it this year.”
Low- and middle-income individuals and families can
receive a tax reduction or refund by claiming the EITC on their 2017
federal tax return. (But if you are a low income single, you are SOL.) The credit is adjusted based on income and family
size and could provide up to $6,318 for eligible families. In tax-year
2017, the EITC helped 914,000 Ohioans make ends meet – the average filer
claiming the credit received back $2,441 of their hard-earned money. (Or your hard earned money, since you don't have to pay taxes in order to get the credit.)
But one out of every five eligible workers don’t
claim the credit. Today, on Earned Income Tax Credit Awareness Day, tax
experts are drawing attention to this credit so that eligible tax filers
remember to claim the EITC in 2018.
To claim the credit, workers must file a federal
tax return for their 2017 income. To see if you’re eligible, visit the IRS’s EITC Assistant.
And if you need help filing your return, free assistance is available
for qualifying tax filers at Volunteer Income Tax Assistance (VITA)
sites across the state. To find a site near you and to see if you can
get help with your return, visit the IRS’s VITA site locator.
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