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Local Leaders Encourage Individuals and Families to claim the Earned Income Tax Credit



Friday, Jan. 31 is the 14th annual National Earned Income Tax Credit (EITC) Day and the kick-off of the 2020 tax season. To bring awareness to the day, local organizations and leaders have created a fun and free event to help local low and moderate income tax filers file their taxes, get tax advice, and claim their earned income tax credit—which can add thousands of dollars to their refund.

The EITC can mean thousands of dollars to assist individuals and families, yet as many as 14,000 eligible Capital Region taxpayers may be failing to claim it, based on IRS estimates. Nationwide last year, 25 million workers received more than $61 billion in EITC refunds. In New York state, there were 1.57 million claims and 3.7 billion in EITC funds.  The average EITC credit amount paid out in New York State was $2,363.

Brookings Institute documents that EITC is the number one nation-wide program to help lift families out of poverty. One-third of the EITC population changes each year. The IRS estimates that four out of five workers claim the EITC they earned. This leaves billions of dollars on the table each year.

Tacos and Taxes will be held at the TRIP & RCHR NeighborWorks HomeOwnership Center at 409 River Street in Troy, NY from noon until 3pm. Those wishing to have their taxes filed by IRS-trained tax preparers must call 518-640-2371 to secure an appointment. TRIP & RCHR NeighborWorks HomeOwnership Center will also offer two Credit and Budgeting Workshops at 1pm and 2pm. Taco buffet and advice from an IRS Taxpayer Advocate will be available for the duration of the event.

Tacos and Taxes is representative of the programs that support the mission of TRIP & RCHR and other partners. “Partnering with the United Way and VITA volunteers ensures tax returns are filed and used for wealth and community building strategies like saving for emergencies, down payments on new homes or investments in the communities that make up this great county,” said Christine Nealon, executive director TRIP&RCHR.

Mayor Madden today announced the City of Troy will hold an informational meeting for the Collar City’s annual Earth Day Cleanup event. The meeting will be held at 6:00 p.m., Wednesday, February 26, in the Main Conference Room at City Hall (433 River Street). All interested residents and community members are invited to attend and provide…
The Epilepsy Foundation of Northeastern New York is challenging businesses and agencies across our 22 counties to GO PURPLE for Purple Day®* on March 26th! This is a global awareness day sponsored by the Anita Kaufmann Foundation and Epilepsy Association of Nova Scotia with the purpose of raising awareness of epilepsy so that those affected by it…
The Tri-City ValleyCats will host their Annual Job Fair at Joseph L. Bruno Stadium in Troy on Saturday, March 14 from 10:00am - 12:00pm. The Class A affiliate of the Houston Astros will be holding on the spot interviews for various positions for their 2020 season.  Potential employees must be over the age of 15 and have the ability to work during…
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A panel discussion featuring State representatives addressing issues facing our communities.  The Chamber's "Meet the Legislators" event provides members…
11:30 a.m. Registration & Luncheon; 12 - 1:00 p.m. Panel Discussion and Q&A
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10
Harness YOUR power within, build professional and personal networks and find inspiring mentors. Learn how to amplify your voice and be heard. Join top…
11:30 a.m. Check-in & Luncheon; 12 - 1:30 p.m. Mentoring Conversations
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Join us for a Quick Learn on QuickBooks for Small Business, presented by MicroKnowledge. Live demonstration presented by Kathleen Pingselski on the …
8-8:30 a.m. check-in & refreshments; 8:30 - 10:00 a.m. training session