The Internal Revenue Service is trying to highlight changes in the Earned Income Tax Credit program in hopes more Nebraskans will take advantage of it this year.
Verlinda Paul oversees the program for the I-R-S and says the credit has been expanded by law to provide a larger credit for larger families and the income guidelines have also changed. She says they believe the economy will lead to even more people being eligible for the credit.
She says many people are going from full to part-time work, their hours have been cut, or they have lost their job. Paul says their research finds only one in four people who are eligible for the credit actually get it.
Paul says you can find out if you’re eligible on the I-R-S website at: www.irs.gov. She says you can answer a few questions and find out if you are eligible, or you can go to any I-R-S office and find out. She says you can also get help in filing a tax return, as you must file a return to get the credit.
She says even if you have no income, you still need to file a return to be eligible to claim the credit. She says anyone making 48-thousand dollars or less needs to check out the credit.
Paul says the credit can help Nebraskans who are struggling. Paul says the maximum credit for a married family of three is about 56-hundred dollars, but the average credit is about two-thousand dollars. You can call 800-906-9887 to find help with your taxes or you can find a list of I-R-S offices at: www.irs.gov
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