First Lady Mary Perdue Encourages Eligible Families to Take Advantage of the Earned Income Tax Credit

ATLANTA- First Lady Mary Perdue today encouraged Georgia families to take advantage if the Earned Income Tax Credit (EITC). More than 20,000 eligible individuals, including state employees, do not claim the EITC and lose approximately $100 million every year.

 "The refund available through the Earned Income Tax Credit is money that deserves to go in the pockets of Georgia 's citizens," said First Lady Mary Perdue. "We want to do everything we can to ensure that families keep their hard earned money."

The EITC is a federal tax credit for employees who meet certain qualifications. If an employee qualifies, they could pay less federal income tax, no tax, or receive a refund.

Claimants must have a valid Social Security number, and must meet certain residency and filing criteria. The following are income requirements the for 2005 tax year:

A taxpayer's total earned income must be at least one dollar and their earned income and adjusted gross income (AGI) must both be less than:

• $11,750 with no qualifying child ($13,750 if married, filing jointly)  
• $31,030 with one qualifying child ($33,030 if married, filing jointly)
• $35,263 with more than one qualifying child ($37,263 if married, filing jointly)
• Investment income cannot be more than $2,700.

Claiming the EITC on this year's tax form could result in a tax credit of up to $4,400. Georgians who believe they may qualify for EITC and would like assistance are encouraged to call 1-800-829-1040 or go to www.irs.gov/eitc and select "EITC Assistant."