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Tax Preparation Awareness

Posted: Saturday, February 21st, 2009 at 6:51 am
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As you prepare your taxes this year, there might be a few credits you are able to claim that you might not have known about. ISU Extension Family Resource Management Specialist Mary Wienand says one you want to be aware of is the earned income credit. She says because people’s situation may change, such a change may have put them within the requirements to be able to claim the earned income credit which can be worth as much as $4800. She also says some tax payers are unaware there is a $500 credit for childcare on your state taxes. Finally you might be eligible for free tax preparation assistance. You can learn more at www.irs.gov.