Workers,
Put Some
EXTRA
MONEY
in Your
Pocket!!
Claim Your Tax Credits!
Tax credits offset any federal income taxes you owe. With some credits
(called “refundable” credits), you can also receive all or part of the credit in
your refund check. The Earned Income Credit and Child Tax Credit are
refundable credits. Some families are eligible for more than $7,000 in tax
credits. Make sure you claim any credits you are eligible to receive.
Who can get the Earned Income Credit?



For information about how you
can get the Earned Income
Credit and free help filing your
taxes, call the IRS at 1-800829-1040.
Avoid refund delays! Be sure to
provide the correct name and
Social Security number for
each person listed on your tax
return.

Families with one child who earn less than $36,052 in 2011 (or
less than $41,132 for married workers) are eligible for a credit
of up to $3,094.
Families with two children who earn less than $40,964 in 2011
(or less than $46,044 for married workers) are eligible for a
credit of up to $5,112.
Families with three or more children who earn less than
$43,998 in 2011 (or less than $49,078 for married workers)
are eligible for a credit of up to $5,751.
Workers without a qualifying child who earn less than $13,660
in 2010 (or less than $18,740 for married workers) are eligible
for a credit of up to $464.
Who can get the Child Tax Credit?
Families with qualifying children can receive up to $1,000 per child. For
more info on qualifying children, call the IRS at 1-800-829-1040.
Who can get the Additional Child Tax Credit?
Families with earned income of more than $3,000 in 2011 and have not
used the full amount of their child tax credit can receive the remaining
amount as refundable credit of up to $1,000 per child.
Who can get the Saver’s Credit?
THE 2011
EARNED
INCOME
CREDIT
CAMPAIGN
University of Missouri Extension
Taney County
122 Felkins Avenue, P.O. Box 598
Forsyth, MO 65653
1-417-546-4431
1-888-504-0443
Workers who contribute to retirement plans or Individual Retirement
Accounts (IRAs) can receive a tax credit worth up to $1,000 (or $2,000 if
married filing jointly), based on their retirement contributions and yearly
income. You are eligible for the Saver’s Tax Credit if you are age 18 or
older, not a full time student, not claimed as a dependent on someone
else’s return and your 2011 adjusted gross income is less than $56,500 if
filing jointly, less than $42,375 if filing as head of household, or less than
$28,250 if filing single or married filing separately.
To receive any of these credits, you must file a federal income tax
return. Free help preparing tax returns is available through several
volunteer tax assistance programs. To find the free tax assistance
site near you, call the University of Missouri Outreach & Extension
at 573-884-1690. To make the most of your tax credits, avoid
refund anticipation loans! These short-term loans (often just for a
matter of days) are expensive. Direct deposit and electronic filing
are just as fast and less costly.
In Southwest Missouri VITA is sponsored by the University of Missouri Outreach & Extension, the Internal Revenue
Service, Stone and Taney County OACAC Neighborhood Centers, College of the Ozarks, White River Valley Electric
Cooperative, Ozark Highland Parents as Teachers, the Hollister Elementary School, Taney County Extension Council,
Experience Works, and the Healthy Families Taskforce of Stone and Taney counties. The University of Missouri is an Equal
Opportunity Employer/Affirmative Action Organization Committed to a Diverse Work Force. University Outreach and
Extension does not discriminate on the basis of race, color, national origin, sex, sexual orientation, religion, age, disability or
status as a Vietnam-era veteran in employment or programs.