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Texas Economy and Families to Receive $5-$6 Billion if Texans Claim EITC

  

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

February 18, 2009

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“Many Texas families are confronting financial hardship as recession grips our nation, making it vitally important that all those eligible take advantage of the federal Earned Income Tax Credit…. For a family struggling to pay medical bills, stave off foreclosure, or keep up with household expenses, Earned Income Tax Credits can be a crucial lifeline….” (HR 193)

As the nation’s most successful anti-poverty program, the EITC helps working families meet basic needs and provides a platform for their financial stability and success, while also acting as a powerful stimulus on local and state economies. Texans can apply for the EITC online using the IRS’s Free File service or by visiting a local Volunteer Income Tax Assistance (VITA) site.