Many people are eligible for a tax refund of up to $6,269 from the Internal Revenue Service (IRS) and do not claim it. Gov. Jay Inslee proclaimed tomorrow, Jan. 27 “Earned Income Tax Credit Day in Washington State” as part of a nationwide effort to increase awareness of this underused tax credit and how to apply for it.
You must file a federal tax return with the IRS to get your Earned Income Tax Credit (EITC), even if you do not owe any tax or are not required to file.
Twenty percent of those eligible for the credit either do not claim it or do not file a tax return at all. The credit reduces the amount of taxes owed and results in a lump sum refund payment for most people who are eligible to claim it.
“As one of the largest anti-poverty programs in the United States, it is critical to raise awareness of this opportunity, not just for individuals and families, but also to strengthen our state’s economy,” Inslee said.
Last year 436,000 people in Washington applied for the credit, claiming close to $956 million in refunds and generating about $1.43 billion for our state’s economy. Even so, an estimated $270 million in federal tax credits go unclaimed in Washington.
“This year individuals can receive a tax refund of up to $6,269 if they meet eligibility requirements,” said Brian Bonlender, director of the Department of Commerce. “For over 40 years, the Earned Income Tax Credit has lifted working families out of poverty and strengthened communities throughout the state. I encourage everyone to learn more and see if you qualify.”
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http://www.commerce.wa.gov/news-releases/community-programs-facilities/millions-dollars-earned-income-tax-credits-go-unclaimed-year-working-americans/
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