PSE&G Encourages NJ’s Working Families to Apply for Special Tax Credit
Many taxpayers are eligible, including foster parents, grandparents, and even some individuals without children
Information available at PSE&G Customer Service Centers and at local agencies
Newark, NJ) - PSE&G urges New Jersey’s workforce members who are in financial difficulty to see if they are eligible for the 2008 Earned Income Tax Credit (EITC). The special credit reduces the amount of taxes owed by eligible workers and sometimes provides a tax refund as well.
Many people who qualify for the credit, offered by New Jersey and by the federal government, are unaware it exists or confused about how to apply for it. Depending on their income, individuals who worked in 2008 may qualify for the credit regardless of whether they are married or have children.
New parents, foster parents, and grandparents raising grandchildren all may be eligible. Some families, including those raising children with disabilities and those in the military, often don’t know that special rules may make them eligible as well.
Each year the EITC puts billions of dollars into the hands of millions of lower- to middle-income workers. Nearly 500,000 families and individuals in New Jersey received more than $957 million in federal EITC benefits for the 2007 tax year. Approximately 202,000 of those received an additional $118 million in state EITC benefits.
New Jersey residents should know that those eligible for the New Jersey EITC must file a state resident income tax return, even if they have no tax liability to New Jersey and do not usually file a state tax form.
“An astounding number of eligible workers miss out on the tax credit because they don’t apply,” said Eileen Leahey, PSE&G’s manager of payment assistance outreach. “If you lost your job in 2008 or had your work hours reduced, you might not realize that a downward change in your income now qualifies you for the credit this year.”
The state of New Jersey has launched a public awareness campaign to promote the tax benefit and urge all eligible residents to take advantage of the program. The New Jersey Department of Human Services-Division of Family Development, PSE&G, the Association for Children of New Jersey, and the Internal Revenue Service are working together to spread the word.
PSE&G has printed more than 200,000 flyers and made them available for distribution to social service and community based agencies. Information about the EITC is available on the company’s Web site at www.pseg.com/eitc and is included in customer bill messages during the first few months of the year. http://" In addition, several of PSE&G’s 16 Customer Service Centers display digital EITC messages at the centers.
New Jersey individuals and families whose 2008 earnings are lower than $40,000 can get their taxes prepared free of charge. To locate a tax preparation site near you, call the NJ Community Resource Hotline at 211.
“Outreach and tax assistance play an important role in connecting New Jersey’s low-income workers to greatly needed tax credits,” Leahey said. “If we increase the number of New Jersey families benefiting from the EITC by just 10 percent, our efforts will have paid off.”
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