Tax Credit Help For Those Earning Less Than $50K

People who work and earn less than $50,270 from wages, self-employment or farming may be eligible for the Earned Income Tax Credit (EITC) and free help preparing their tax return.

Today marks the 7th National EITC Day, a nationwide effort to increase public awareness about EITC and free tax preparation sites.

Although an estimated four out of five eligible workers and families get the credit, one in five still miss EITC, either because they don’t claim it when filing, or don’t file a tax return.

Last year, the credit returned close to $62 billion dollars to over 27 million workers.

On Hawaii Island, families saved about $180 in filing charges and claimed over $170,000 in federal credits.

Workers who qualify for EITC could receive larger refunds.

It can mean up to $475 in EITC for people without children, and up to $5,891 for those with three or more qualifying children.

EITC varies by income, family size, and filing status and the average EITC amount last year was $2,200.

EITC is a valuable but complex tax break for working families but free help is available from IRS-certified volunteers.

The following Volunteer Income Tax Assistance (VITA) sites are taking appointments:

Hilo
Alu Like, Inc.
32 Kino’ole St., Suite 102
Friday, Feb. 8, 10 a.m. – 4p.m.
Sat., Feb. 9, 9 a.m. – 4p.m.
Call: (808) 961-2625

Goodwill Industries of Hawai’i, Inc.
200 Kanoelehua Ave., Suite 101
Thurs., 4 p.m. – 7p.m. from Feb. 7 thru April  4
Call: (808) 443-5838

HFS Federal Credit Union
632 Kino’ole Street
Sat., Feb. 2 and March 16 only
10 a.m. – 3 p.m.
Call (808) 930-1400

Hawai’i First Community Resource Center
Hilo Shopping Center
1221 Kilauea Ave., Suite 150
Call: (808) 933-6600

Kona
Goodwill Industries of Hawai’i, Inc.
74-5599 Luhia St., Suite F-4
Thurs., 4 p.m. – 7 p.m. from Feb. 7 thru April  4
Call: (808) 443-5838

The Homes of Ulu Wini
73-4180 Ulu Wini Place
Sat., Feb. 9 and March 9 only
10 a.m. – 3 p.m.
Call: (808) 933-6065

Waimea
Hawai’i First Community Resource Center
Parker Ranch Shopping Center
67-1187 Mamalahoa Hwy.
Call: (808) 885-7349

Workers should come prepared to a volunteer site with the following:

• A valid driver’s license or other photo ID card.

• Social security cards, a Social Security Number (SSN) verification letter or the Individual  Taxpayer Identifying Number (ITIN) for all persons listed on the return.

• Birth dates for all persons listed on return.

• All income statements: forms W-2 and 1099, social security, unemployment, and other statements, such as pensions, stocks, interest and any documents showing taxes withheld.

• All records of expenses, such as tuition, mortgage interest, or real estate taxes.

• Copies of last year’s state and federal tax returns, if available.

• Bank routing numbers and account numbers to direct deposit any refund.

• Dependent childcare information: name and address of who you paid and either the caretaker’s SSN or other tax identification number.

• Both spouses to sign forms to e-file (electronically file) a joint tax return.

“EITC is a financial boost for working people, and their families and it allows more funds to flow into our community. It’s money that can make lives a little easier,” said Frecia Cevallos, Department of Research and Development.