In the past, clients of NORWESCAP’s Family Self-Sufficiency program in Morris County, NJ have used the tax return they received through the Earned Income Tax Credit (EITC) for a down payment on a car, a security deposit on an apartment or to pay debts, said Penny Olson, the program’s director.
For clients of Homeless Solutions, which provides affordable and transitional housing, the prospect of a large tax return can make a significant difference, executive director Elizabeth Hall said.
Those agencies are part of an effort to encourage low-income working residents to ask about the EITC when they file their 2005 taxes. The earned income tax credit is supposed to help low-income working families, but over the years it has been clear many eligible workers don’t apply for it.
The Earned Income Tax Credit is for working families with incomes less than $37,263. If eligible, they may receive money back from the Internal Revenue Service (IRS) even if they don’t owe taxes – but they must file a tax return. The EITC is above and beyond any amount the families get from the child tax credit, which is a maximum of $1,000 per child and is...
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