In honor of the recent 10th annual Earned Income Tax Credit (EITC) Awareness Day, Board of Equalization (BOE) Chairman Jerome E. Horton announced free income tax preparation service events to help seniors and low- to moderate-income working families claim up to $6,242 in federal credits and up to $2,653 in state EITC.
Last year, the Internal Revenue Service (IRS) granted 27.5 million taxpayers about $66.7 billion in tax relief. This year, California has a new state EITC and has allocated $384 million in refundable credits to help alleviate poverty. In order to claim the money, taxpayers must file their state and federal tax returns.
In partnership with the IRS, Franchise Tax Board, California universities, community colleges, tax professionals and other state agencies, Horton is presenting Free Income Tax Preparation and Family Resource Fairs in Los Angeles and Ventura counties. In addition to helping taxpayers claim their refundable tax credit(s), these events will aim to help people manage their money, and reduce their utility, phone and insurance bills.
“Join us at one of the Free Income Tax Preparation and Family Resource Fairs, where certified tax preparers will help seniors and low- to moderate-income working families claim this free refundable tax credit,” Horton said.
To learn more visit boe.ca.gov/members/horton/VITA/index.htm .
