State Treasurer Focuses Attention On Underused Tax Credit

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(Host) With tax season underway, the state of Vermont is hoping to call attention to the under-used Earned Income Tax Credit.

The EITC is a federal credit for low-income working families and individuals.

State Treasurer Beth Pearce says the credit is available to anyone who has earned income from 2011, and can be useful for families struggling to make ends meet. 

(Pearce) "We know that the average credit is over $2,000 a year both on the state and on the federal side, if you do the federal you’re also eligible for the state side." 

(Host) Pearce says that people who file an EITC may also learn they are eligible for other useful state programs. 

(Pearce) "For instance any family with dependent children who receive the Vermont EITC are automatically eligible for food benefits through the Three Squares VT program." 

(Host)  Pearce says close to 20 percent of eligible Vermonters don’t file for the EITC, mainly because they don’t know about it. 

 

 

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