On January 27th, Hernando County Commissioners adopted United Way of Hernando County's Resolution for Earned Income Tax Credit (EITC) Awareness Day on January 30th.
The Earned Income Tax Credit is a little-known benefit for people who work and have low to moderate wages. Many potentially eligible people miss this credit, which could increase their income by up to $6,143.
The Volunteer Income Tax Assistance (VITA) Program is a free service provided by volunteers, who are IRS trained and certified and serve tirelessly to provide free income tax return preparation. VITA filed over 810 tax returns saving Hernando residents approximately $197,000 in filing fees and helped citizens collect over $262,000 in Earned Income Tax Credits in 2014. Through a combination of tax refunds and credits, over $851,000 was put back in the hands of hard working Hernando residents.
A special thank you to United Way's VITA Partners/locations: Career Source, Spring Hill Library, East Hernando Library, RSVP, Explorer K-8, Brooksville Elementary, Publix at Barclay, Publix at Hernando West.
Quick Links:
Click HERE to read the Resolution
Wh
at would you do if you knew there was a proven solution that lifts millions of children and working families out of poverty each year… a tool that, at the same time, also improves child health and academic achievement, enables financial stability for hard-working families, and pumps billions of dollars back into local communities around the country?
You’d probably want to talk about it. You’d probably want as many of your friends, family and community to know about this amazing resource.
That’s exactly why United Way, our community partners, and thousands of volunteers each year take action to connect millions of people to the Earned Income Tax Credit (EITC). In fact, just last tax season, United Way of Hernando County, through the Volunteer Income Tax Assistance program, helped connect 810 local people to $851,027 in tax refunds – money coming right back into our community. And that’s why we advocate to strengthen and expand the EITC for working families and individuals.
Simply put, the Earned Income Tax Credit helps lower-wage working families keep more of what they earn. Research finds that the EITC encourages work, reduces poverty and leads to long-term gains in child health and academic success. Together with the Child Tax Credit (CTC), another essential credit that helps offset the cost of raising children, the credits lifted more than 9 million people – 5 million of them children -- out of poverty in 2013. The credits also help 22 million lower-income Americans have further financial stability.
Knowing this, what would you do if you realized that some key features of the EITC and CTC are set to expire soon, and that, without people like you taking action, hundreds of our community members could fall back into poverty?
We hope you’d take action.
There are three important ways you can take action this EITC Awareness Day – January 30, 2015.
1) Advocate: Send a message to your Members of Congress letting them know how important the Earned Income Tax Credit and Child Tax Credit are in our community. It’s easy! Simply read the letter (personalize it if you wish), enter your information, and press send. That’s it!
2) Spread the word: Tell your friends and family about the success of the EITC & Child Tax Credit. Tweet it, post it, put a sign in your yard, a sticker on your car, or a tattoo on your arm. Why not be creative? The tax credits could mean hundreds or thousands of dollars in the pockets of people you care about. Use #EITC, #EITCDay, and #LIVEUNITED.
3) Connect people to the credits through free online tax preparation at MyFreeTaxes.com. Share the link and individuals or families earning $60,000 or less in 2014 can file their state and local taxes for free online. Those who may want free in-person assistance can call 2-1-1 to find their nearest Volunteer Income Tax Assistance site.
Thanks for taking action – because change doesn’t happen without you