Are You or Someone You Know Eligible to Claim EITC Tax Credits Up to $5,657?
Each year, thousands of Central Floridians claim the federal Earned Income Tax Credit (EITC), which puts valuable dollars back in to the hands of low to moderate income families and individuals.
For those who qualifiy, tax credits of more than $5,600 are available. And the money is easy to claim. Throughout tax season, dozens of free tax preparation are available across the region to help people file their returns. Many families use the extra dollars to reduce debt, learn new job skills, increase savings or build financial stability in other ways.
Even if you missed your opportunity to benefit for tax year 2009, the good news is that EITC can be claimed retroactively for up to three years.
What is the Prosperity Campaign of Central Florida?
United Way's Prosperity Campaign of Central Florida promotes financial stability for local families. One key way of doing this is through the EITC tax benefit, which is credited with lifting more children out of poverty than any other federal program. At a time when many families are struggling to make ends meet, the EITC dollars can be used to reduce debt, improve job skills, build savings or take other steps to improve financial stability, which is one of United Way's Investing in Results focus areas.
Are you eligible?
Among other qualifying factors, you must have:
- Earned income
- A valid Social Security number
- No more than $3,100 in investment income
- Joint tax-filing status, if married
- U.S. citizenship or resident alien status for the past year (in most cases)
Income guidelines for tax year 2009:
Individuals:
- $13,440 with no qualifying children
- $35,463 with one qualifying child
- $40,295 with two qualifying children
- $43,279 with three or more qualifying children
Married couples filing jointly:
- $18,440 with no qualifying children
- $40,463 with one qualifying child
- $45,295 with two qualifying children
- $48,279 with three or more qualifying children
Maximum refunds for tax year 2009:
- $457 with no qualifying children
- $3,043 with one qualifying child
- $5,028 with two qualifying children
- $5,657 with three or more qualifying children
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Want to learn more?
Click here for more information or dial 2-1-1 to speak with knowledgeable staff at the United Way 2-1-1 & Elder Helpline.
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