There is a new tax credit available that many people may not know about. The Earned Income Tax Credit or EITC is a credit that many times is overlooked. Family Resource Management Program Specialist from the Iowa State Extension Phyllis Zalenski says this credit is available to those that worked during 2010, is based on earnings, marital status, and number of children.
She says anyone that made less than $49,000 last year is eligible to apply for this credit. Zalenski adds you should request this credit even if you don’t owe any taxes. She reminds everyone when going to file your taxes, to have all of your tax documents.