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Earned
Income Tax Credit (EITC) and Free Tax Preparation Program |
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In
2006, we brought over $5 million back into the hands
of Northern Manhattan’s poorest residents |
With
an unemployment rate in Washington Heights and Inwood
at 14.35%, getting a job can be key to many families survival.
obtaining a family-sustaining wage often hinges on work
supports such as the Earned Income Tax Credit (EITC).
Yet, many who are eligible for the Earned Income Tax Credit
(EITC), are either unaware of the program or do not know
if they qualify for it. As a result, billions of EITC
dollars are left unclaimed each year. Our ETIC program
helps residents complete their taxes and apply for the
EITC.
Impact:
- Since
2004, over 60 individuals have been trained and employed
as tax preparers in NMIC’s and other EITC sites throughout
the city.
- The
program brought $5,012,474 in 2006 tax refunds back into
the community, an increase from $4,205,902 in 2005. The
average return per client was $1,745 in 2006.
- In
2006, the number of returns filed at NMIC went up 34% to
3,338, making NMIC the 30th largest free volunteer income
tax assistance (VITA) site in the nation.
For
more information: please contact Yvonne Varela at
212-822-8300.
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