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.

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.





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