Showing posts with label Income Tax.. Show all posts
Showing posts with label Income Tax.. Show all posts

Tuesday, February 06, 2007

Tax Time=EITC

For the working families check out the earned income tax credit. This credit is based on money earned from working and not just any income.
For the 2006 tax year, the maximum credit is $4,536 for a family with two or more children; $2,747 for a family with one child and $412 if the taxpayer does not reside with children.

The maximum amount of earned income allowed is higher for tax year 2006 than it was for 2005. Please see Fact Sheet 2007-13 for all eligibility requirements. Generally, a taxpayer may be able to take the credit for tax year 2006 if the taxpayer:

has more than one qualifying child and earns less than $36,348 ($38,348 if married filing jointly),


has one qualifying child and earns less than $32,001 ($34,001 if married filing jointly), or


does not have a qualifying child and earns less than $12,120 ($14,120 if married filing jointly).
The maximum amount of investment income also increased to $2,800 for tax year 2006.

Friday, January 12, 2007

Poverty Pimps-Show me the money


The roll out of the Mayor's Tax program should occur around January 27, 2007. But will it be available at all the locations as previous years? Keep reading. The Mayor's Tax Program, Money in Your Pocket" EITC Campaign Preparing for 2007
The “Money in Your Pocket” Earned Income Tax Credit (EITC) program is preparing for 2007, according to the website.

More from the website,

The City of Fort Wayne and community partners work to assist lower income working families apply for tax refunds.

In 2006, $1.1 million was brought back to working families in the community. In 2005, $1.6 million in tax refunds were received by working families. In 2004, the total was just over $1 million. In 2003, $250,000 was returned to the local economy.



Anyone interested in volunteering or donating computers and technology-related equipment should contact the Mayor’s office at 427-1120 or citizens@cityoffortwayne.org .

Along with financial institutions, other partners include:
* Volunteer Center at RSVP

* Wayne Township Trustee’s Office

* IRS

* 1st Source Bank

* CANI – Lake Avenue

* CANI – Salvation Army
* United Way of Allen County/211

* East Wayne Street Center

* Purdue Extension

* Vincent House

* Neighborhood Health Clinics

* Tower Bank


So, how many places this year will be available for these folks from the list above?

A conversation with Jackie Barr at the Mayor's office reveal a plan for only one location this tax season. Count them one location this year for a program that the Mayor brags as being so successful. All together now, poverty pimps. The location for this one program will go to the Wayne Township Trustee Office. Do you get a sense that the Democrat mayor supported the Republican Trustee more so than the new Wayne Township Trustee? I do.

Probably did not want Stevenson to see how poorly this program operation under the previous administration.