| 1,345 Young children received care and education needed for school readiness. |
| 1,811 Homeless clients and their families received shelter and financial literacy training. |
| 2,347 People with health conditions requiring medication were connected to long-term prescription solutions. |
"Being a man or a woman is a matter of birth. Being a man or a woman who makes a difference is a matter of choice."
Byron Garrett |
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More than 7,500 Montgomery County Residents May Be Eligible for Tax Credit
Dayton, OH, February 2007 - The local United Way is encouraging families and individuals to look into the Earned Income Tax Credit (EITC) before filing their 2006 tax return. According to nationally based data from the Internal Revenue Service, more than 7,500 Montgomery County taxpayers earning lower wages may be eligible for a tax credit but have not claimed it in the past. The EITC is a federal tax benefit designed to help low-income workers increase their financial stability. United Way is encouraing eligible residents to take advantage of this important federal tax credit that increases take-home pay and boosts the local economy.
The IRS provided date from 2005 showing that 40,100 Montgomery County residents claimed the Earned Income Tax Credit and received refunds up to $3,000. Based on national trend estimates, however, an additional 7,500 county residents may be eligible but unaware of the tax credit. "We're raising awareness of the EITC," said Marc Levy, President of United Way of the Greater Dayton Area, "because we want hard-workiing families to be sure they get back all the dollars they can."
"With the tax filing season now upon us, the Earned Income Tax Credit is an excellent way for lower wage-earners to save money on their federal tax returns," Levy said. "It's easy to receive the tax credits, and there are places you can go to receive free help in preparing your tax returns."
The following are the eligibility guidelines regarding total earnings in 2006:
- Workers raising two or more children in their homes who earned less than $36,348 (or less than $38,348 for married workers) can receive an EITC up to $4,536.
- Workers raising one child in their home who earned less than $32,001 (or less than $34,001 for married workers) can receive an EITC up to $2,747.
- Workers between the ages of 25 and 64 (and are not raising a child) who earned less than $12,120 (or less than $14,120 for married workers) can receive up to $412.
Many families also qualify for the Child Tax Credit of up to $1,000 for each dependent child 16 and under.
Volunteer Income Tax Assistance (VITA) programs provide free tax preparation to EITC-eligible families. To locate a site, contact United Way's HelpLinl EITC line at (937) 913-2000.
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