Low-income workers got a friendly reminder from the IRS today: You could be eligible for up to $5,800 in refundable tax credits.
Known as the "Earned Income Tax Credit," it's intended to help low-to-moderate-income workers who earned up to $50,270 in 2012.
But as many as one in five eligible taxpayers never sign up. "This year, millions of workers could qualify for EITC for the first time, and the IRS urges them not to overlook this valuable credit," said acting IRS commissioner Steven T. Miller, in a statement.
On Saturday, low-income taxpayers in Sacramento County can get their taxes done - for free - at Grant High School, 1400 Grand Avenue, in Sacramento, from 9 a.m. to 2 p.m. The no-cost tax preparation is the kickoff for free tax services offered by the Volunteer Income Tax Assistance (VITA) program through April. For an appointment, call 211.
Last year, the average EITC refund nationwide was $2,200, the IRS said. In California, more than $6.8 billion in EITC tax credits was refunded.
Of that, $271.4 million went to 117,700 Sacramento County residents; $30.3 million to 16,200 Placer County residents and $25.7 million to 12,400 Yolo County residents.
The tax credits are issued as a refund if they exceed the amount of taxes owed when filing a return.
The amount varies according to a taxpayer's filing status and family size. The maximum - $5,800 - is for a married couple filing jointly with three or more children, but singles and those without children can also apply.
To see if you qualify, go to: www.irs.gov and search under "EITC Assistant."