Data from the IRS shows only 72% of Coloradans who were eligible for the Earned Income Tax Credit filed for it.
DENVER — The latest data from the IRS shows a lot of Coloradans are leaving money on the table when it comes to their tax refund.“The credit is designed to promote work and to make sure that people are rewarded for engaging in the economy,” said Kristin Hubbard, program director for Tax Help Colorado, a volunteer service of Mile High United Way, helping middle and low-income Coloradans connect to volunteers who can help file those taxes for free.
The EITC is designed to help moderate to low-income workers and their families reduce the amount of taxes they owe., a married couple with three or more children with an annual gross household income of 68,398 or less could qualify for a $7,430 credit on their 2023 taxes. “If you meet our program requirements, the $64,000 or less of income, limited English proficiency or disability, I highly encourage you to come to tax help,” she said. “It's truly a program that is meeting the needs of the community in a very kind of intimate way of learning all of your tax information and a really practical way like, let us help get your family the money it's owed by filing your tax return.
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