Taxpayers overlooking EITC refund

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Taxpayers overlooking EITC refund

The Daily Sentinel – POMEROY – In these difficult economic times, many working individuals are being reminded that they may qualify for the Earned Income Tax Credit (EITC) but they have to apply for it in order to be considered for the refund.

Last year approximately 1,950 low to moderate income taxpayers in Meigs County claimed and received the EITC. As a result more than $4.2 million in EITC money, an average of $2,202 per taxpayer came back to the county residents to be saved or spent as each recipient saw fit. According to the Internal Revenue Service, about 25 percent of Ohioans did not receive the tax credit last year because they did not apply.

During the month of February, the IRS is reaching out to potentially qualifying taxpayers to educate them about the credit and motivate them to file and claim it. People who earned $28,362 or less from wages, self-employment or farming in 2010 should check to see if they qualify, advised U. S. Sen. Sherrod Brown (D-OH).

Workers who may qualify for EITC include those who live in rural areas, those who are self employed, those who receive certain disability pensions or have children with disabilities, those who are grandparents raising their grandchildren, and those who are recently divorced, unemployed or have experienced other status changes.

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