Home >> Research >> Economic Opportunity>> Asset Building

More Information

Related Topics

• Testimony: Senate Committee on Business and Commerce
• Testimony: Pensions, Investments, and Financial Services
• Savings Soars: OpportunityTexas’ Tax-Time Savings Project Triples Impact from Last Year

Also by Don Baylor

• Texas Jobs Snapshot for 2012
• Texans Support Protections for Payday and Auto Loan Borrowers
• Texas Regional Opportunity Index: Midland

Come and Claim It: Texas Economy & Families to Benefit From $5 Billion EITC Stimulus

  

Author:
Don Baylor /(512) 320-0222 x 108

January 31, 2008

Read Full Article >>  

Today, Governor Rick Perry issued a proclamation designating January 31st as Earned Income Tax Credit (EITC) Awareness Day in Texas. To read the proclamation, see http://www.uwtexas.org/data/docs/EITC_Procalamation.pdf. The EITC is a refundable federal tax credit for eligible households with earned income no more than $39,783. For the 2008 filing season, the maximum refund is $4,716. As the nation’s most successful anti-poverty program, the EITC enables working families to address basic needs while also providing a platform for financial stability and success. Families can apply online for the EITC at http://www.irs.gov/efile/article/0,,id=118986,00.html or by visiting a local Volunteer Income Tax Assistance (VITA) site. To find a VITA location nearest you, see http://www.uwtexas.org/data/docs/Texas_Tax_Preparation_Sites.pdf.