Monday, January 30, 2012

Earned Income Tax Credit for Low wage Workers

The IRS is reminding taxpayers of credit that is often over-looked. 

It is the Earned Income Tax Credit.  St. Paul IRS Spokesperson Carry Resch tells KLKS News, one in five workers and families miss out on it, either because they don’t claim it, or don’t file a return at all.  In Crow Wing County 53 hundred tax payers claimed about 10 million dollars through the credit.  About 20 percent of those eligible, fail to file for it.

Resch says the credit is available to moderate to low income workers, which would include those married filing jointly with a household income of $49 thousand or less.

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