Monday, September 3, 2012

United Way promotes federal tax credit - New Mexico Business Weekly:

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The organization said the tax credift lifts more children out of povertu than any otherfederal program. An increase in thosse seeking the tax credit would improve financiaol stability ofarea families, whicu is one of United Way'xs focus areas. More than $350 million was claimec in 2007 throughoutCentral Florida, yet the Internall Revenue Service estimates that up to 25 percent of thoses eligible to claim the credit failed to do so becaus of lack of awareness, according to a Heart of Florids United Way release.
Tax credits can result in refundsa rangingfrom $438 to $4,824, according to the United Way is offering free informative sessionsa on the tax credites and materials in English, Spanishu and Creole for employers to help employees take advantage of program benefits. More than 30 free tax preparatiojn sites have been established by the IRS Volunteer Income Tax Assistanceand Tax-Aide programse to help residents prepare their taxes. and the are sponsorinv the campaign and the city of Orlandok is also promoting the tax credit benefits and free taxpreparatiomn sites.
Heart of Florid a United Way isCentral Florida’s largesy provider of funds to the region’es health and human servicd programs.

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