South Pittsburgh Reporter - Serving South Pittsburgh Since 1939

Save money on your taxes during this tax season

 


It's tax season and there are valuable benefits available to families and individuals that could mean putting thousands of tax dollars back into your pocket.

Both federal and state benefits are available to increase the incomes of low to moderate wage earners. A description of some important tax benefits along with contact information is listed below.

The Earned Income Tax Credit (EITC) is a federal tax benefit for low to moderate-income workers. The EITC is refundable, meaning eligible workers could get money back even if they owe no income tax. Families with two or more children that made less than $37,263 could be eligible for up to $4,400 from the EITC, families with one child and under $33,030 in earned income are eligible for up to $2,662 and single persons with incomes under $11,750 can get up to $399.

You must file a federal tax return to get this credit. For more information on the EITC call the IRS at 1-800-829-1040 or visit http://www.irs.gov.

The Child Tax Credit (CTC) is a federal tax credit worth up to $1000 per child for families with children under age 17. The CTC is refundable for families earning more than $11,000. Eligible persons can receive the CTC by filing federal income tax form 8812.

For more information on the CTC call the IRS at 1-800-829-1040 or visit http://www.irs.gov.

Low to moderate-income Pennsylvanians may owe no state income taxes or only partial tax. Through the PA Tax Back program, workers below a certain income level (varies based on number in household) could get tax money back from the state. To apply, you must file the state income tax form (PA-40) and include PA Schedule SP.

For more information contact the PA Department of Revenue at 1-800-362-2050 or visit http://www.revenue. state.pa.us.

Free tax preparation is available through the Volunteer Income Tax Assistance (VITA) program through the IRS. The IRS has trained volunteers who will assist individuals of low to moderate income, individuals with disabilities, non-English speaking taxpayers and the elderly by preparing basic income tax returns free of charge. VITA sites are located throughout Allegheny County.

For the VITA site in your neighborhood, contact the IRS at 1-800-829-1040.

Free tax assistance for low-income workers is also available at Just Harvest from January 23 – April 15, 2007. You can make an appointment by calling 412-431-8964 after January 10. No walk-ins will be accepted. Just Harvest is at 16 Terminal Way on the South Side.

 

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