September 24, 2021
  • September 24, 2021
  • Home
  • Financial Service
  • $ 28 million in refunds issued by the San Diego County Income Tax Credit Coalition

$ 28 million in refunds issued by the San Diego County Income Tax Credit Coalition

By on August 23, 2021 0

SAN DIEGO (CNS) – The San Diego County Earned Income Tax Credit Coalition on Monday announced the return of a total of $ 28,034,865 to individuals and families in the area through refunds federal and state taxes.

The coalition, along with 211 San Diego and United Way of San Diego County, filed 29,876 tax returns, which allowed 3,896 tax filers to claim a total of $ 6,945,963 from the federal EITC, at 5,062 tax filers to claim a total of $ 998,857 from CalEITC and 3,236 tax filers collectively collect $ 6,416,316 through the Young Child Tax Credit.

“Federal and state tax credits can provide much needed financial relief to families still struggling with COVID-19 or just starting to recover,” said William York, president and CEO of 211 San Diego, an organization that connects residents with various public resources.

“Fortunately, new and existing tax credits and cash back rewards are available for more San Diego than ever before, but many may not be sure if they are eligible or how to claim them,” he said. he declares.

The Income Tax Credit is intended to help low- and moderate-income workers and families reduce the taxes they owe or increase their refund so they can spend more money on rent, expenses fees, utilities, groceries and other major expenses. Combined with the state’s CalEITC and the Young Child Tax Credit, taxpayers can receive hundreds or even thousands of dollars more on their taxes.

“Helping the people of San Diegan claim the federal and state tax credits they deserve is an important step towards addressing the economic inequalities exacerbated by COVID-19,” said Nancy L. Sasaki, president and chief of the direction of United Way of San Diego County.

“Financial security is critical to ending the deep disparities that exist in our communities and aligns with our commitment to ensuring family stability throughout San Diego County,” she said. “We are proud to have led the San Diego EITC Coalition for the past 18+ years to accomplish its mission of providing essential tax assistance services that help local families find a path to stability.”

This year, Governor Gavin Newsom and the California Legislature extended the CalEITC and YCTC to all California tax filers, including undocumented filers with individual tax identification numbers who meet other eligibility criteria. The state also announced the new Golden State Stimulus, in which one-time cash payments are available this year for CalEITC 2019 recipients and ITIN filers who meet other eligibility criteria.

Taxpayers can claim the EITC up to three years back if they are eligible, but did not originally claim the credit; The Golden State Stimulus is available to qualifying taxpayers who file by October 15.

“The California Earned Income Tax Credit is an all-in-one act of social and economic justice,” said Senate Speaker Pro Tempore Toni G. Atkins, D-San Diego. “Since its inception, nearly one million working Californians – including members of our military – have received the CalEITC tax credit, for a total of $ 194 million. The financial crisis caused by the pandemic makes it even more important for people to put this extra money in their wallets and put it back into our economy. “

The EITC Coalition is an organization of organizations and service providers that provide tax assistance to families. The coalition is anchored by a partnership between 211 San Diego, United Way of San Diego County, the IRS and San Diego County.

Individuals and families can call 2-1-1 to see if they qualify for Federal EITC, CalEITC, YCTC, and Golden State Stimulus. Those eligible for free tax preparation can make an appointment through 211’s community connectors.

For more information on available tax credits, 211sandiego.org/taxes or call 2-1-1.

Copyright 2021, City News Service, Inc.


Source link