Many WV Families Missing Out on Federal Tax Credit

Many families throughout our state are unaware of a federal tax credit available to individuals and households with low-to-moderate income. The Earned Income Tax Credit (EITC) can put up to $5,657 in the pockets of tax payers who qualify and apply for it for the 2009 tax year.  This is good news for families struggling in light of current economic challenges.

For families that work hard, the credit provides a windfall that can support the achievement of long-term economic success.  When family household income goes up, child well-being indicators improve, and families have opportunities for asset development around education, small business, and home ownership.

According to staff at Terrell Ellis and Associates (TEA), the EITC also has a significant impact on our state’s economy.  The money returned to families and thus spent in local communities circulates seven times.  Last year alone TEA reported that West Virginians received over $260 million in EITC refunds.

TEA works directly with the West Virginia Alliance for Sustainable families to manage the EITC program through West Virginia.

If you have questions or would like more information about the EITC, please call Kelli Hinkle-Burgess at 304-342-6972 or email khburgess@te-assoicates.com. Ms. Hinkle-Burgess serves as the Program Manager for the EITC Campaign for the West Virginia Alliance for Sustainable Families.