User Login    
 + Register
News : Earned Income Tax Credit Exceeds Two Million Dollars In Grundy County
Posted by Randy on 2014/2/27 4:16:33 (395 reads) News by the same author

The Internal Revenue Service reports over 900 income tax filers in Grundy County last year received more than two million dollars because of the earned income tax credit provision.

Click to see original Image in a new window

That's an average of 23-hundred dollars for each filing. That amount also is the state and national average benefit.

But an I-R-S spokesman, Michael Devine, stated there are likely more eligible taxpayers who could claim the tax credit but don't because they don't know about it or don't know how to claim it.

The I-R-S report shows Mercer county with 246 filers claiming the credit and they got nearly 500 thousand dollars – an average of two thousand dollars.

The earned income tax credit topped two point six million for 12 hundred filers in Livingston county. Filers in both Sullivan and Daviess countiescollectively got over one and a half million based on 700 income tax returns.

This provision was created in 1975 in part to offset the burden of Social Security taxes and to serve as a work incentive. The I-R-S estimates four out of five eligible taxpayers will claim this credit. Devine said about one third of the
eligible population turns over each year. So anyone who last year made less than
52 thousand dollars needs to check their eligibility at a website www.irs.gov/eitc

Devine says qualified filers could pay less federal tax or get a refund because of the earned income tax credit provision.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2015/5/22 17:55:36 - Woman Found Pushing Dead 3-Year-Old Son in Swing
2015/5/21 14:21:21 - NCMC Foundation Presents "Salute Awards"
2015/5/21 11:35:05 - Marshall Man, Accused Of Shooting At Police, Captured In Alabama
2015/5/21 11:25:26 - Police Surround Home Of Suspected Murderer In Sedalia
2015/5/21 10:20:00 - Daily Room Rate At Sunnyview Increases By Eight Dollars
2015/5/21 10:20:00 - Milling Work Scheduled To Begin Next Week In Trenton
2015/5/21 10:10:04 - Kansas Truck Driver Injured In U.S. 36 Accident
2015/5/21 10:07:54 - Putnam County Teens Injured In Late Night Accident
2015/5/21 10:00:00 - AP : Suddenlink Sold To European Company
2015/5/21 10:00:00 - Local Bank Purchases Tax Credits, In Hopes Of Improving Trenton's Downtown
2015/5/21 9:47:51 - Efforts Underway To Repair Lawn Damage At Grundy County Courthouse
2015/5/20 10:55:08 - Area Organizations Plan To Distribute Money-Saving Light Bulbs
2015/5/20 10:47:05 - Gallatin Library Receives $5,628 Grant
2015/5/20 10:00:00 - Area Rivals Tie For 3rd At Class 1 Boys Golf Tournament
2015/5/20 9:10:00 - Trenton High School Announces "Underclassman Awards"
2015/5/19 11:31:12 - Grundy County Commission Will Not Adopt Health Ordinance
2015/5/19 11:27:03 - Trenton Middle School Announces End-Of-Year Awards/Honors
2015/5/19 10:20:00 - Roadwork Planned For Highway 6, East Of Trenton
2015/5/19 10:02:11 - Missouri Farm Bureau Sponsors Photo Contest
2015/5/19 9:53:21 - Caldwell County Fairgrounds In Facebook Competition For Grant Money
2015/5/19 9:44:00 - Special Olympics "Torch Runs" Planned For Area Communities
2015/5/19 9:34:19 - Simpson Park To Host Darin Bryan Memorial Day Race
2015/5/19 9:07:36 - ATV Accident Injures Unionville Girl
2015/5/19 8:34:40 - Chillicothe Facility Hosts Weekend FFA Events
2015/5/19 8:33:23 - Gallatin Man Promoted By Highway Patrol
2015/5/19 8:31:39 - Spickard School Board Meets
2015/5/19 4:50:18 - TPD Busts 2 On Meth Charges Over Weekend
2015/5/19 4:40:44 - Man Drives Truck Through His House On Purpose
2015/5/19 4:40:00 - Kirksville Police Attempt To Locate 6 Missing Juveniles
2015/5/19 4:36:28 - Worried Mom Installs Camera, Catches Man Allegedly Violating Young Girl



Bookmark this article at these sites

                   

Listen to KTTN-FM