Workers may get a larger tax refund this year because of the EITC or Earned Income Tax Credit. But to get it, you must file a tax return and claim it.
January 29, 2016, marks the 10th anniversary of EITC Awareness Day, a nationwide effort to increase awareness about EITC and free tax preparation sites. This year, IRS is promoting EITC providing information on other refundable tax credits that you may be eligible for. This includes the Premium Tax Credit, American Opportunity Tax Credit and the Child Tax Credit.
If you worked last year and had income of less than $53,267, check out your eligibility for EITC. EITC can mean up to a $6,242 refund when you file a return if you have qualifying children. Workers without a qualifying child could be eligible for a smaller credit up to 503 dollars. On average, EITC adds 24 hundred dollars to refunds.
Why is it important to have an EITC Awareness Day each year? One-third of the EITC population changes each year. The IRS estimates that four out of five workers claim the EITC they earned. This leaves billions of dollars on the table each year. We want to get the word out to those who are eligible to file a tax return even if they don’t owe any tax to claim the EITC. It’s money workers can use for groceries, rent, utilities and other bills.
EITC is complex. It varies by income, family size and your filing status. To be eligible, you must have earned income or certain disability income. This means you must have income from working for someone or working for yourself.
Volunteers – trained by the Internal Revenue Service – ask you the needed questions to find out if you qualify for the EITC and other refundable tax credits. Volunteers at VITA, Volunteer Income Tax Assistance sites, also prepare and e-file (electronically file) your tax return at no cost to you.
"Our community volunteers help you get EITC and the maximum refund you’re due. Our goal is to help you get it and get it right. This is money you can save or use to pay off bills, buy that car to get to work or make a down payment on a home. Let us help make your life a little easier, “ said Susan Henderson, VITA Coordinator at Allegan County United Way.
Let us help you get it and get it right. Visit our free tax preparation site at:
All locations offer services from 10 am - 2 pm
282 12th St, Plainwell
435 E. Superior St, Wayland
5580 South Ave, Pullman
8 Memorial Dr, Fennville
261 W. Randolph St, Douglas
631 Grand St, Allegan
Bring the following to make sure our volunteers get you the right amount of credit you deserve:
- A valid driver's license or other photo id card
- Social security cards, a social security number verification letter or the ITIN, individual taxpayer identifying number, for all persons listed on the return
- Birth dates for all persons listed on return
- All income statements: Forms W-2 and 1099, Social Security, unemployment, and other statements, such as pensions, stocks, interest and any documents showing taxes withheld
- All records of expenses, such as tuition, mortgage interest, or real estate taxes
- Copies of last year's state and federal tax returns, if you have
- Bank routing numbers and account numbers to direct deposit any refund
- Dependent child care information: name and address of who you paid and either the caretaker's SSN or other tax identification number
- If you purchased coverage through the Health Insurance Marketplace, Form 1095-A, Health Insurance Marketplace Statement
- Both spouses to sign forms to e-file a joint tax return