Millions of Americans are missing out on Earned Income Tax Credit
Who wouldn't want an extra $300 or even $3,000 in tax refund cash? But oddly enough, millions of Americans miss out on this deal each year.
The Internal Revenue Service estimates that nationwide only four out of five of eligible workers claim and get their Earned Income Tax Credit. So roughly 20% who qualify don’t get their money, leaving billions of dollars going unclaimed. It's money that's based on what you earned in 2019 typically when working a lower-wage job. The dollar amount that households receive will vary significantly and depend on your pay, filing status, as well as the size of your family.
"Taxes were always scary to me. It wasn't something I wanted to deal with," said India Bell, 50, who lives in Detroit and has two teenagers. But Bell tells everyone she knows about why they should file a tax return to qualify for the Earned Income Tax Credit.
"I'm not a social media person," she joked. "But I'm good with my mouth."
Bell was part of the annual media awareness program held in Detroit to get word out about the EITC.
The IRS message: "You earned it. Now file, claim it and get it."
https://www.yahoo.com/finance/news/millions-americans-missing-earned-income-080010347.html
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Yes, get it before Whiny Donny and his minions will eliminate this...
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