Many Utah families miss out on Earned Income Tax Credit
SALT LAKE CITY (KUTV) — Many families in Utah who are eligible for the Earned Income Tax Credit (EITC) miss out on up to $7,000 in benefits.
It happens more often in Utah than in other parts of the country, according to Ann House, director of the Financial Wellness Center at the University of Utah.
"That's millions of dollars that should be going into the pockets of households of low to moderate income folks and it isn't. It's left on the table," she said.
House is also an accredited financial advisor and part of a network of volunteers who does free tax preparation for Utahns with lower incomes.
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According to the IRS, families with an income under $59,100 and three qualifying children, could qualify for the maximum EITC.
Single taxpayers who meet income and other requirements also qualify for the credit, but it's a lesser amount.
House said even if you haven't filed your taxes in years, you can still do so and claim the credit retroactively for up to four years.
If you need help with tax preparation, visit Tax Help Utah, and if you want to know whether you qualify for the EITC call (385)465-5172.
