Tuesday, January 11, 2011
Governor Beshear Urges Kentuckians To Claim Tax Credit
KENTUCKY...
Gov. Steve Beshear is urging low- and middle-income Kentuckians to apply for a federal tax credit that will increase their refunds.
Kentuckians filed more than 400,000 claims for the credit in 2008, the latest year for which information is available, and received $870 million in benefits statewide.
The average credit was a little over $2,100.
The Internal Revenue Service reports that 15 to 20 percent of eligible workers do not claim the tax credit, largely due to lack of awareness.
Gov. Steve Beshear is urging low- and middle-income Kentuckians to apply for a federal tax credit that will increase their refunds.Beshear said Tuesday the Earned Income Tax Credit is an important anti-poverty tool.
Eligibility for the tax credit is based on income and household size. Beshear said a family consisting of two parents and two children can earn up to $45,373 and receive credits up to $5,000.
Kentuckians filed more than 400,000 claims for the credit in 2008, the latest year for which information is available, and received $870 million in benefits statewide.
The average credit was a little over $2,100.
The Internal Revenue Service reports that 15 to 20 percent of eligible workers do not claim the tax credit, largely due to lack of awareness.
# posted by Homer Owens @ 10:51 PM 
