Wednesday, June 19, 2013

Latest news, weather, high school sports for Michigan’s Upper Peninsula

Check if you qualify for EITC
Posted: 03.09.2010 at 3:43 PM
4

It's a significant amount of money that many fail to claim.

Photo

MARQUETTE -- U.S. Congressman Bart Stupak is reminding people to check whether they are eligible to receive the earned income tax credit, or EITC, on their returns this year.  It's a significant amount of money that many fail to claim.

The EITC is a refundable tax credit meaning individuals can receive money back even if they owe no federal income tax or had no tax withheld.

It's available to working people who earn incomes less than $43,279.  Households with qualifying children receive a larger credit.

"The good thing about this earned income credit is the IRS will calculate if for you.  I guess that's why it surprises me that so many people don't claim it because the IRS does have a program.  You simply write in EIC on that line on the return, and the IRS will calculate it for you and send you your money," said Lloyd Houle, CPA, Houle and Associates.

People who may qualify for the EITC should visit the IRS.gov Web site.

Popular Stories
Thumbnail
Police investigate $11,000 in property stolen
Beth Cefalu  |  Yesterday at 3:50 PM  |  7 comments
Thumbnail
Governor Snyder issues decision on KBIC casino relocation
Ty Czarnopis  |  8 minutes ago  |  14 comments
Thumbnail
Four garages catch fire in Upper Michigan
Ty Czarnopis  |  Today at 10:10 AM  |  6 comments
Follow Upper Michigan's Source
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Check This Out!
Your Health Matters
Health news and information.
Live Chats
Check the live chat replays and see a new one Wed.
Home & Garden
Check out the Home & Garden section of Best Bets.
Recreation
Check out the Recreation section of Best Bets.
ADVERTISEMENT