Earned Income Tax Credit
The Earned Income Tax Credit (or EITC) is a credit for people who do not earn high incomes. EITC can reduce your taxes and result in a refund. In simple terms, workers keep more of what they earn.
The YCABC promotes the EITC because:
- It reduces the number of families living in poverty. The EITC is responsible for lifting more children out of poverty than any other federal program, including 2.2 million children in 2005.
- Promotes work. The EITC makes work more attractive than Welfare programs and helps many families make the transition from public assistance into the labor force.
- Helps low-income families build assets. The potential for significant cash payments to be received provides a strategic link to introduce various asset building opportunities.
For the last several years, AARP has partnered with YCABC to provide free tax preparation for Yakimites in several locations. AARP Tax-Aide volunteers can do manual reports as well as e-Filing, depending on what the tax payer needs. Located in seven different locations in Yakima County, as well as in Ellensburg and Goldendale, volunteers are ready and willing to help file tax payers' taxes!
During tax season, sign up for an appointment by calling 2-1-1 (or dial Toll Free: 1-877-211-9274).