Make earned income tax credit part of financial plan

-A A +A

 Many people throughout our state are still struggling financially from the effects of the oil spill and the housing crisis. 

My office is working tirelessly to find and promote ways that Floridians can improve their financial footing.

As many as 200,000 Floridians are eligible for the Earned Income Tax Credit (EITC), which is a refundable tax credit designed for lower income working families and individuals. 

The amount of the credit varies depending on your level of income and how many dependents you support.

 According to the IRS, as many as one in five people across the country qualify but don’t file for this tax credit. 

We not only want to make Floridians aware that they may qualify for this money, we also want to arm them with the information they need to wisely use the dollars they get back.

According to Kaye Schmitz, president of the Florida Prosperity Partnership (FPP), there are a number of studies that show taxpayers with incomes between $30,000 and $35,000 are unaware that they may qualify for the refund or they don’t pursue a refund because they need help with filing for the tax credit.  

The FPP collaborates with more than 130 organizations statewide to help improve the financial stability of low-to-moderate-income Floridians.

To find a free tax site in your area and a schedule of events occurring throughout the state for Florida Saves Week, log on to my financial literacy Web site, Family FiscalFitness, at www.myfloridacfo.com/FamilyFiscalFitness

 Jeff Atwater

Chief Financial Officer

State of Florida