Saturday, July 31, 2021

Play

Educators' unions call for efforts to ensure in-person learning keeps students, teachers, families, and staff safe; and an update on hate crimes by state.

Play

Congress passes Capitol security funding; House Freedom Caucus members want Cheney, Kinzinger out of GOP conference; Schumer closes a deal to advance $3.5 trillion reconciliation package; and a new report says investor-owned utilities try to block rooftop solar.

Want An Even Bigger Tax Refund? Californians Leaving Millions Unclaimed

Play

Monday, February 25, 2008   

Los Angeles, CA - "Use it or lose it" has never been more true for thousands of Californians who are failing to use a federal tax credit, and losing out on thousands of dollars as a result. The Earned Income Tax Credit (EITC) was created by Congress in 1975 to provide an incentive to work. Congressman Xavier Becerra wants to get the word out to the more than 400,000 eligible California families.

"If they work but earn a modest salary, they may qualify to get a credit simply by applying for it, because Congress wants to ensure that people who work hard don't have to worry about abandoning their job and going on welfare, simply to exist."

Becerra also encourages working families with lower incomes to take advantage of free services, like the Volunteer Income Tax Assistance Centers set up throughout the state. He says the national economic stimulus package means most Californians will receive bigger tax refunds this year, which unfortunately, means new types of scam artists, too.

"A lot of these fly-by-night businesses who set up shop are saying, 'For a small fee, I'll make sure you're able to get that tax rebate that Congress just enacted into law.' We want our citizens to avoid that."

Taxpayers are also being warned about the perennial risks of so-called "refund anticipation" loans. They offer immediate cash rather than waiting for weeks for an income tax refund, but at loan terms that often cost more in the long run. Becerra believes spreading the word about tax assistance, the EITC and potential scams, is a bigger challenge in communities with limited English proficiency.

"In the Latino and Asian communities you'll often find these different businesses saying that for a modest fee of a $1,000 we’ll get you your $3,000 tax rebate. What they're not telling you is that, without having to pay a single dime, you still could have received that rebate."

More information about the EITC and Volunteer Income Tax Assistance Centers can be found online at www.becerra.house.gov, or through the California Franchise Tax Board at www.ftb.ca.gov.


get more stories like this via email

In addition to roof repairs and other home improvements to lower utility bills, a Michigan League for Public Policy report recommends expanding utility-shutoff protections to include households with young children. (Adobe Stock)

Environment

LANSING, Mich. - High utility costs are a major burden for Michigan's low-income residents, and a new study says they have an impact on their health…


Environment

TALLAHASSEE, Fla. - A new report shows an effort by investor-owned utilities in the Sunshine State to block the growth of rooftop solar. The …

Health and Wellness

By Troy Pierson / Broadcast version by Mary Schuermann reporting for the Kent State-Ohio News Connection Collaboration. As marijuana becomes more …


Across the United States, 46 states have laws allowing for harsher punishment for crimes based on bias. (Ludk/Adobe Stock)

Social Issues

SALT LAKE CITY - With rising numbers of people targeted in hate crimes and related violence, a new report analyzes the hate-crime laws in each state…

Social Issues

BOSTON - Educators' unions are calling on the state to support their efforts to ensure in-person learning in the fall keeps students, teachers…

According to AARP Connecticut, 47% of family caregivers have had at least one financial setback, such as having less money for retirement or savings, or cutting back on their own healthcare spending. (Adobe Stock)

Social Issues

HARTFORD, Conn. - In Connecticut, more than 460,000 people care for close friends or family members who can't manage on their own - and their …

Social Issues

ALBUQUERQUE, N.M. - Millions of Americans soon could find eviction notices on their front doors, but New Mexico renters will not be among them - as …

Health and Wellness

CONCORD, N.H. - New Hampshire advocates for affordable healthcare access want Congress to lower prescription costs by allowing Medicare to negotiate …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021