Press Release: Working Families Could Overlook Valuable Tax Credits

Free Tax Assistance Helps Winston-Salem Residents Claim Their Full Refunds

 

Winston-Salem workers could overlook important federal tax benefits because they simply don’t know about them. They could miss out on an extra income boost.

 

“The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) can make a real difference for workers who are struggling to make ends meet,” said Shirley Abdullah, Program Manager at Experiment in Self-Reliance. Experiment in Self-Reliance is offering free tax preparation services to working families at convenient locations throughout Winston-Salem. Individuals can get free help determining their EITC and CTC eligibility and claiming the credits.

 

Experiment in Self-Reliance is raising awareness of these services by hosting EITC Awareness Day on January 25, 2019 from 11:30am through 1:00pm at 3480 Dominion Street.

 

The EITC is a refundable tax credit available to qualifying lower-wage workers and their families. Workers earning less than about $50,000 from wages, self-employment, or farming in 2018 could qualify. Many people will qualify for the first time this year due to changes in their income, their marital status, or parental status, according to the IRS. The IRS estimates that four out of five eligible workers currently claim their EITC.

 

“We want to raise the number to five out of five,” Shirley Abdullah said. “Thanks to our trained and certified volunteer work force, we plan on assisting more than 5,000 taxpayers this year.”

 

The Child Tax Credit is available to workers who earn more than $2,500 in 2018. A qualifying child for the CTC must be under age 17.

 

A family’s tax refund also offers a chance to put some money into savings. To help families looking to save their tax refund for a rainy day, Experiment in Self-Reliance will refer interested taxpayers to asset-building programs that will help them well into the future. To have their taxes prepared, residents should bring income documents from all jobs worked throughout the year as well as their social security number, and a valid photo ID.

 

The EITC is one of the nation’s largest and most effective anti-poverty programs. In 2016, the EITC lifted an estimated 5.8 million people out of poverty, more than half of them children.

 

Experiment in Self-Reliance will run 10 tax sites throughout Winston-Salem. The tax sites will be open from January 22, 2019 to April 15, 2019. ESR is a United Way of Forsyth County Partner Agency.

 

For more information, call (336) 722-9400 or visit  www.eisr.org.

                                                                        Media Contact: Victoria von Dohlen

                                                                                              Number: 336-722-9400 ext. 124

                                                                                                                                Email: victoria.vondohlen@eisr.org

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ESR: Empowering Strength & Resilience