Today we’re celebrating. We’re celebrating a proven tool that helps thousands of workers in Illinois keep more of what they earn to pay for things like reliable transportation to get to work, child care, housing and food. We’re celebrating that Congress took action at the end of 2015 to save this resource. We’re tipping our hat to the Earned Income Tax Credit (EITC) and what it means to working families in Champaign County.
Research finds that the EITC encourages work, supports family financial stability and leads to long-term gains in child health and academic success.
Beyond the data, we see the power of the credit firsthand because United Way of Champaign County, our community partners, and dozens of volunteers each year take action to connect people to the EITC. Volunteers tell us stories of hugs, smiles and even some tears when people find out just how much they’re getting back this year. And just last tax season, the Volunteer Income Tax Assistance program helped connect so many local people to their tax refunds – money coming right back into our community and being spent at local businesses.
We’re thankful that Congress took action at the end of last year to save this vital resource for millions of working Americans.
And as tax season kicks off, we want to make sure that our community connects to the credits through VITA and MyFreeTaxes.com, a site where individuals or families earning $62,000 or less in 2015 can file their state and local taxes for free online.