PPT-Module 3: Earned Income Tax Credit and Free Tax Preparation Assistance

Welcome amp Housekeeping Introductions Did everyone sign in PRETest Evaluation 2 Agenda Talk about filing a tax return with the Internal Revenue Service IRS Learn about the Earned Income Tax Credit EITC and other tax credits. Today households with two children and dual earners working full time at the federal minimum wage of 725 an hour earn 30160 in combined income While that is not enough to provide for a family of four these families LQFRPHVDUH well above the povert y comptrollertexasgovtaxinfoeitc What is the Earned Income Tax Credit EITC EITC is a federal income tax credit that is refunded to quali64257ed taxpayers after their taxes have been paid Even if you dont have to pay any taxes on your income you may sti d Tax Credit. 2015 U.S. Poverty Campaigns. Protecting the EITC and CTC. Remember what you’ve learned about the EITC and CTC… . EITC and CTC: . Effective Anti-Poverty Programs. T. he EITC and CTC are our best defense against an unfair tax system that favors the wealthy.. EARNED INCOME TAX CREDIT FOR INDIVIDUALS ONLINE Watch out for common errors! Errors can delay your refund or result in IRS denying your EITC claim. Avoid the following common errors: Claiming a chi Economic Policy Analyst. David . Riemer, . Senior Fellow. Julie . Kerksick. ,. Senior Policy Advocate. Community Advocates Public Policy Institute. . November 18. th. , . 2015. Working Our Way Out of Poverty. Sonya Ulibarri // August 10, 2012. Earned Income . Earned Income. : Income earned when there is a direct exchange of product, services, or privilege for money.. Earned Income Strategy. : An attempt by a nonprofit to cover part of its costs by capitalizing on the earned income potential of its programs, products, or services.. Ellie Hartman, PhD, OFCE, DLTC, DHS. Lara Rosen, OPIB, DHS. Amy Thomson, OFCE, DLTC, DHS. Dan Johnson, BADR, DLTC, DHS. Purpose of MAPP. Remove . financial disincentives to . work; . Allow participants to. 1-credit courses. Sara Taylor. Assistant Professor, Mathematics. Dutchess Community College. staylor@sunydutchess.edu. Intermediate Algebra . before the big change. For many years we had approximately 900 Intermediate Algebra students each year. . New for Tax Year 2017 . Steve . Asbell. Colorado Department of Revenue. Subtractions From Income. Agricultural asset subtraction. . For beginning farmers. Up to $25,000.. . Certified by the Colorado Agriculture . Earned Income Credit. NTTC Training – TY2018. 2. Residents who are eligible & file for Federal EIC may also apply for a NJ EITC. . Client may have Federal earned income, but no NJ earned income (e.g. – disability, third-party sick pay). Still eligible for NJ EITC . 2015 . National Income. Tax. . Workbook™. Tax Benefits Limited by Income pp. 1-37. Many benefits in the I.R.C. are applicable only to taxpayers whose income does not exceed specific thresholds.. Benefits can be obtained by tax planning to minimize income and maximize deductions.. Special thanks to: Brad Martin, Katy Schultz, and Evelyn Mickles for their contributions to this module. . Understand how refundable tax credits impact a taxpayer’s return. Understand the eligibility requirements and required forms for these refundable tax credits:. Elena Delavega, PhD, MSW. University of Memphis. iIMPACT. Summit . April 7, 2022. Learning Objectives: .  . Participants will understand the Earned Income Tax Credit’s role in reducing poverty. . The state earned income tax credit (EITC) assists families and in some states, adults without dependent children, by reducing qualifying taxpayers’ tax liability based on income level, marital status and number of dependent children..