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Follow the links below to find news articles and resources about low income tax assistance and the Earned Income Tax Credit (EITC). Click here for News Archives.

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If you are raising your grandchildren on your own, chances are you're busy enough without having to worry about taxes. But don't worry, while there are costs to raising children, there are financial benefits as well, which you may remember from raising your own kids!The IRS will give you money back just for having a child living in your home. (read more)

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Need Help with Tax Problems?

An Arkansas grandmother who held a good paying job lost her position in the recent economic downturn.  Then she got sick, had huge medical expenses, and was literally drowning in tax debt.  She didn’t know where to turn, as she had always had a good income and plenty of money to pay her bills, as well as her taxes.  She contacted Legal Aid of Arkansas’ Low-Income Taxpayer Clinic (LITC). (Read More)

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For years some families have been afraid to save their tax refunds because the savings could impact their eligibility to receive public benefits.  Recently, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, greatly simplified and standardized the rules for how Earned Income Tax Credit, Child Tax Credit and any tax refunds are treated in determining eligibility for other public benefit programs.  The new law disregards tax refunds received after December 31, 2009 as income and resources for programs funded in whole or in part with federal funds.  This legislation should have a positive affect on low-income families who would like to save their tax refunds for the future without losing vital benefits. (Read More)

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IRS offers VITA program, free electronic filing to low- to moderate-income Arkansans
 
LITTLE ROCK – It’s the time of year when 1040 and 1099 are some unpopular numbers for Arkansans who decide to put down their own calculators and seek help in preparing and filing their tax returns. (Read More)
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Volunteer Income Tax Assistance (VITA) volunteers provide FREE Income Tax Preparation Assistance to low-Income, elderly, disabled and limited English speaking people.

2011 VITA Sites & Dates

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LITTLE ROCK — The lure of immediate cash in anticipation of a tax refund may have Arkansas consumers considering Refund Anticipation Loans, or RALs, this tax season. But patient taxpayers will receive a bigger payoff, while avoiding the pitfalls associated with the high-interest loans. (Read More)

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If you plan on paying your taxes with a credit card, you may want to consider some important information. Find out more HERE.

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Wondering what to bring your tax preparer? Find out HERE!

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In the aftermath of a natural disaster, taxpayers are often confused about what they may or may not claim as a loss on their tax returns. When an unexpected event destroys property, rebuilding a home and a life can be made a bit easier when armed with important knowledge about income tax implications. (Learn More)

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Did you get this paper from the IRS?

Ha recibido este papel del IRS?


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