March 23, 2009 (Vol. 9, No. 5)
Free Tax Services for Low-Income Families
The V.I.T.A. program aims to ensure that everyone who is eligible for the Earned Income Tax Credit (E.I.T.C.) will receive it. The credit can mean several thousand dollars to low-income families and resulted in nearly $4 billion in tax credits to working families last year.
O.T.D.A. also offers clients an opportunity to be screened for eligibility for Food Stamps, the Home Energy Assistance Program, and other work supports designed to increase the economic security of low-wage working families.
For the first time this year, S.E.F.C.U., a Federal credit union, is partnering with the program in an effort to open bank accounts for those who do not have one. This will allow clients to receive their tax refunds through direct deposit and avoid unnecessary fees.
Families with an annual income of $42,000 or less can have their tax return completed at a V.I.T.A. site. Visit the O.T.D.A. site for information on V.I.T.A. sites throughout New York State.
Income Limits for E.I.T.C. Tax Year 2008
|Two or more qualifying children||$38,646 (or $41,646 if Married Filing Jointly)|
|One qualifying child||$33,995 (or $36,995 if MFJ)|
|No qualifying children||$12,880 (or $15,880 if MFJ)|
Maximum Credits for Tax Year 2008
|Two or more children||$4,824 (federal) + $1,447 (State) = $6,271|
|One child||$2,917 (federal) + $ 875 (State) = $3,792|
|No children||$438 (federal) + $ 131 (State) = $ 569|