An 8% increase of dollars flowing (back) to the Massachusetts families who earned it! How often does that happen?!
Last tax season, the IRS reports that a new high of $568 million of federal EITC was claimed by eligible Massachusetts families. As Massachusetts matches the federal EITC by 15%, another $8.5 went back to working families...most of it getting pumped back into the economy. Needed for our economy and working families in these tough economic times!
April 15th is two weeks away! Okay…maybe you finished your taxes and already earning interest on your refund placed in a savings/investment vehicle…and maybe not!! Whether it is tax time or not, here is a resource to make Smart Choices. read more »
CHELSEA- United Way of Massachusetts Bay & Merrimack Valley announced today that it will make a new investment of $10,000 aimed at helping more Chelsea residents file for their Earned Income Tax Credit (EITC), a refundable federal income tax credit for low-income working individuals and families. This first-time investment, which will support a free tax preparation site at Chelsea Neighborhood Developers, marks the expansion of United Way's EITC effort into Chelsea, which leaves an estimated $1.3 million in tax credits unclaimed each year. read more »
LAWRENCE- United Way of Massachusetts Bay & Merrimack Valley announced today that it is investing $33,000 to expand the number of tax sites it funds in Lawrence, in an effort to help more residents file for their Earned Income Tax Credit (EITC), a refundable federal income tax credit for low-income working individuals and families. Studies show that approximately 60% of the Lawrence population is potentially eligible to claim EITC, yet an estimated $4.7 million in tax credits go unclaimed each year. read more »