Congressman José E. Serrano

Representing the 15th District of New York

Tax Season is Here - Take Advantage of the EITC and Other Tax Credits; Local Free Tax Preparation Sites

Jan 30, 2015
The Serrano Report

Dear friend,

Tax season is here!  The Internal Revenue Service (IRS) started accepting tax returns on January 20th and you have until April 15th to file your return or apply for an extension. Make sure you have all your personal documents ready and don’t forget to take advantage of all the local and federal resources available to help you complete your taxes on time and save money in the process.

There is one resource in particular you should be aware of when working on your taxes, theEarned Income Tax Credit (EITC). This important tax credit helps millions of eligible working families every year end up with more money in their pockets—as much as $6,143—after filing taxes. If you earned less than $52,427 in 2014, depending on your marital status and family size, you may qualify this year. You may apply for this tax credit only if you have a social security number. Visit www.irs.gov/eitc to find out if you are eligible for the EITC this year.  You can further maximize your tax refund through the Child Tax Credit (CTC), for people with a qualifying child; and the American Opportunity Tax Credit (AOTC), for qualified higher education expenses.  These credits are important resources that help working families make ends meet.  For more information about these and other tax credits visithttp://www.irs.gov/Credits-&-Deductions.

Every year, millions of people miss out on a number of beneficial tax credits they qualify for that could provide them with some much-needed financial relief and help boost our economy. Make sure you don’t let these great tax breaks pass by. You must claim these credits to get them. For those who earn less than $53,000 a year, there are many sites throughout New York City, including in the Bronx, where you can get free help filing your taxes and advice on which tax credits you qualify for.  Find the free tax preparation sites closest to you by visitinghttp://www.nyc.gov/html/dca/html/TaxMap/index.html.  You should try to bring the following documentation:  http://www.irs.gov/Individuals/Checklist-for-Free-Tax-Return-Preparation.

My office staff is also available to answer any questions, and help you in any way they can, during or after tax season. If you have any questions about our tax system or our government’s tax policy, my staff can answer your questions during constituent hours. They can also assist you with IRS disputes by putting you in touch with the right government agency and guiding you through the process. Visit http://serrano.house.gov/serving-you/help-federal-agency for more information on how to request help in dealing with a federal agency.

This tax season, make sure you’re taking advantage of all the tax relief programs available to help hard working families thrive financially and access higher education. Find free tax help if you need it and check if you’re available for any tax credits today!

Sincerely,

José E. Serrano