<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div dir="ltr"></div><div dir="ltr"></div><div dir="ltr"><span style="font-family: Arial, sans-serif; font-size: 14pt;">The following was shared with us via email from one of our partners. Please feel free to post the information on social media sites as part of NDEAM. </span></div><blockquote type="cite"><div dir="ltr"><blockquote type="cite"><div dir="ltr"><div class="WordSection1"><div><div><div><div><div><div>
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<p class="xmsonormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">A very significant, but often overlooked, work incentive for people with low to moderate levels of earned income is the Earned Income Tax Credit. Many persons with developmental
and intellectual disabilities or other neurodiversity issues who work in the community may be eligible for this credit which can either reduce the taxes they owe or increase their refund! A very important fact to keep in mind is, for folks receiving benefits,
the EITC does not count as income when it is received. In addition, it does not count as an asset if it is spent within 12 months of being received.<o:p></o:p></span></p>
<h1><span style="font-size:14.0pt;font-family:"Arial",sans-serif">What is EITC?<o:p></o:p></span></h1>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">The EITC is a tax credit for persons with low to moderate levels of earned income.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">It can either reduce the taxes you pay; or, increase the amount of your refund if the<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">taxes you owe are less than the amount of your credit.<o:p></o:p></span></p>
<h1><span style="font-size:14.0pt;font-family:"Arial",sans-serif">Who is eligible?<o:p></o:p></span></h1>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">You may be eligible if you have a social security number, earn money from a job or self-employment, employer-based disability, military combat pay,
or union strike benefits. You must also meet income limits which change annually, have less than $10,000 in investment income, and in most cases do not have a tax filing status of married, filing separately. Last, you must be 19 or older unless you are a student
(24) or, a qualified<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">homeless person (18), or former foster youth (18).<o:p></o:p></span></p>
<h1><span style="font-size:14.0pt;font-family:"Arial",sans-serif">How much money could I get?<o:p></o:p></span></h1>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">Credit amounts are established each year and vary based upon income and the number of children in the family. The earned income tax credit typically
ranges from a few hundred to several thousand dollars. <b>For person's receiving benefits payments, the credit does not count as income. It also does not count as a resource until 12 months after it is received.<o:p></o:p></b></span></p>
<h1><span style="font-size:14.0pt;font-family:"Arial",sans-serif">What should I do?<o:p></o:p></span></h1>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">You should file your federal tax return along with Schedule Earned Income Credit. Also, check to see if your state has an earned income tax credit.
For detailed information go to: <a href="https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc">
IRS Website</a> <b><o:p></o:p></b></span></p>
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<p class="xmsonormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">This information is the result of a collaboration with the Kentucky Financial Empowerment Commission.
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<p class="xmsonormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">Happy National Disability Employment Month!<o:p></o:p></span></p>
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<p class="xmsonormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif">For questions contact - Jeff White, MBA, CPWIC, QA Coordinator- Employment Services – DDID, 275 E. Main Street, Frankfort, KY 40621, 859-512-1946 - cell <o:p></o:p></span></p>
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