EITC: File Your Taxes for Free and Get a Bigger Refund

March 17, 2012 3:10 AM

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Centro, Seen On WBZ-TV, Uncategorized, Watch + Listen, WBZ-TV

March 17, 2012

If you haven’t filed your income tax returns this year, here is some important information you should know before you do so! On this edition of “Centro”, we’ll talk about a program that can actually help you file your taxes for free and you can possibly receive a larger return this year. It’s called the Earned Income Tax Credit program (EITC). WBZ’s Yadires Nova-Salcedo talks about this with ABCD Financial Futures Initiative Director Vernette Allen. Tune in!

FOR MORE INFORMATION:
Earned Income Tax Credit (EITC)
FREE tax preparation
1-800-829-1040
http://www.bostontaxhelp.org
617-918-5259
http://www.bostonabcd.org
617-348-6586

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EITC: File Your Taxes for Free and Get a Bigger Refund

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Income levels required for this, according to IRS site, are much lower than what it sounded like on air.

From: http://www.irs.gov/individuals/article/0,,id=150513,00.html

“2011 Tax Year

Earned Income and adjusted gross income (AGI) must each be less than:

$43,998 ($49,078 married filing jointly) with three or more qualifying children
$40,964 ($46,044 married filing jointly) with two qualifying children
$36,052 ($41,132 married filing jointly) with one qualifying child
$13,660 ($18,740 married filing jointly) with no qualifying children”