IRS guidance and helpful to the law of earned-income tax credit Awareness Day

It is the income earned on a Friday, raising the tax credit. Internal Revenue Service has released its annual report for raising awareness to help millions of Americans who earned $ 49,078 or less. IRS spokesman Michael Devine said to be one of the largest loans to individuals and families. It says in the last year in Illinois, and almost one million workers with low or moderate income received over $ 2.25 billion in the EITC, an average of $ 2250.

"Families around four in five receives the EITC when asked about it, but we also believe that perhaps one in five do not understand it because it does not apply, they do not know, or think it is very difficult , which the IRS is doing is we have a variety of methods that people can learn about the EITC, and most important is our www.irs.gov, "said Devin. He says the site will help you determine if you qualify for a loan. If you qualify, you can use Free File to prepare your federal and state taxes for a small fee.

Devine says EITC varies by size of family income, the Center for the presentation. The workers, who received $ 49,078 or less than last year could receive a larger refund if they qualify for the tax credit. He says the family is bigger, the more money you can receive. Unlike most deductions and credits, the EITC is refundable. People can become infected recover income taxes, even if no tax due.

Devine also says that you have a few extra days for this file because the deadline has been pushed back. "April 15 falls on a Sunday, and not tax the weekend. In general, therefore, the deadline is Monday 16th, with the exception of this year as the Day Emancipation, a holiday celebrated in Washington, DC, the law says that the festival is held in Washington, DC is like a holiday for federal tax collection, and Devin said we can not even do that, so The deadline for this year is Tuesday, April 17. "