PROVIDENCE – As the April 15 deadline to file income tax returns approaches, United Way of Rhode Island and the office of General Treasurer Gina Raimondo along with community partners are turning to Twitter to raise awareness about the Earned Income Tax Credit and the Volunteer Income Tax Assistance programs.
The Earned Income Tax Credit is for people who worked and earned less than $52,000. There were 82,000 EITC claims in Rhode Island valued at $172 million, during the 2012 tax year. The average EITC amount was $2,100.
The Volunteer Income Tax Assistance program offers free tax preparation assistance to people earning $52,000 or less. There are more than 20 VITA sites representing community agencies that are certified by the IRS and use trained volunteers to offer individuals and families free tax preparation services.
In 2013 alone, nearly 9,000 taxpayers participated in the program – more than any previous year—resulting in more than $16 million returned to the state’s economy.
The United Way RI’s Young Leaders Circle, the Office of General Treasurer Gina Raimondo, Capital Good Fund, Family Resources Community Action, Local Initiatives Support Corporation, and other community-based organizations are participating in the Tweet Chat on these topics on March 4 from 5 to 6 p.m.
“This is an exciting way to expand the dialogue about an important resource, particularly during these difficult economic times, that helps put money back in the pockets of our working neighbors,” said Anthony Maione, president and CEO of United Way of Rhode Island. “Many Rhode Islanders are eligible for this free tax preparation service and we want to help them understand the options available – the money returned to these families will go a long way in stabilizing their household.”
“As we look for ways to jumpstart our economy, we need to make sure no one is left behind,” said Raimondo. “This Tweet chat is a creative way to raise awareness about the VITA and EITC programs, two programs that can be helpful to individuals and families earning less than $52,000 annually.”
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
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