Albany, NY – 13,000 New Yorkers May Qualify for a $6,000 Tax Refund

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    Albany, NY – Nearly 13,000 New Yorkers will be getting some good news in coming weeks in the form of amended tax returns which may make them eligible for a refund.

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    The source is the Earned Income Credit, available to low and moderate income filers. Under this federal and state program, people can in some cases get refunds even if they owed no taxes.

    The trouble is, not everyone is aware of the program and lots of people simply don’t apply, said state Tax Commissioner Robert Megna.
    “A review of our 2006 records indicates that many working families qualified for this credit but failed to apply,” Megna said in announcing the amended returns, which started going out last week.

    “This is real tax relief and we encourage all qualified taxpayers to file the amended return and receive a refund through this family-friendly tax credit,” added Megna.

    The mailing is an extension of a pilot program that began in New York City in 2007. The City’s Department of Finance has worked closely with the state Department of Taxation and Finance to implement the mailing and is working with the IRS to model the project nationwide.

    Refunds could total $6,123.
    For the 2006 tax year, the EIC was available to working families with incomes up to $36,348 ($38,348 for married taxpayers filing jointly), depending on the number of children in the household. Taxpayers with no dependent children could earn no more than $12,120 ($14,120 for married taxpayers filing jointly).

    Taxpayers who qualify for the EIC payment could receive two checks — one from the IRS and one from the state.

    For the 2006 tax year, the EIC paid 1.5 million eligible New York families more than $3.7 billion in combined federal, state and city assistance.
    “This is money that could make their lives a little easier during tough times, but they must respond to claim it,” said Fred McElligott, IRS Area Director for Stakeholder Partnerships, Education & Communication.

    Taxpayers have to only review the forms, enter their social security numbers, their dependents’ information if applicable, and sign the return. Filers won’t need the help of a tax expert.

    Taxpayers also may qualify for this credit for the 2007 and 2008 tax years. For information about the federal EIC, visit the IRS Web site at http://www.irs.gov or call 1-800-829-1040, or the state Tax Department’s Web site at http://www.nystax.gov or call 1-800-225-5829.


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    14 years ago

    how do i go about finding out if i am eligible