Are you looking for a way to put an extra $475 to almost $6000 dollars into your pocket? Many Nevada County residents are eligible as part of their income tax return.
Single people or families making less than $50, 270 last year are eligible for the Earned Income Tax Credit. IRS Spokesperson Richard Panick says that over 5000 eligible tax returns were filed from Nevada County residents and over 10 million dollars was put in their pockets through Earned Income Tax Credit last year.
Click here to listen to IRS Spokesperson Richard Panick
The average credit in Nevda County was $1766 dollars. It comes as cash in your refund.
Panick says that the formula for the tax credit is a combination of income adn number of children.
For more information on the Earned Income Tax Credit vit the IRS website at http://www.irs.gov/eitc or talk to any tax service professional.