SNJ Today – Tax Day, which this year is Tuesday, April 18th, is right around the corner and there are ways to get a little help with your taxes before the not-so-popular day rolls around.
On Monday, State Senate President Steve Sweeney visited the United Way of Salem County to highlight the importance of the Earned Income Tax Credit. The senator said that the Legislature had worked to put more money in the pockets of working taxpayers, but people need to file for the credit in order to receive it.
The New Jersey Earned Income Tax Credit (NJ EITC) is a refundable credit based on the federal Earned Income Tax Credit and is paid to eligible taxpayers through the state’s gross income tax. Based on available federal Internal Revenue Service data, the average NJ EITC benefit amount will increase by $255, from $708 in the 2015 tax year to approximately $963 for the 2016 tax year.
According to United Way of Salem County President Monique Chadband, the tax benefit will help an estimated 600,000 individuals and families in New Jersey.
“That money goes a long way,” said Sweeney. “We want to make sure people don’t miss that because if you don’t put in for it, you don’t get it even though it’s available. It’s educating people that really wouldn’t have the wherewithal to do it, to ensure that they get the benefits — all the benefits possible for their hard work because these are people that go to work every day.”
Sweeney met with a roundtable of financial experts to discuss the services the organization has to offer. The United Way of Salem County provides tax preparation help for those who can’t afford to have an accountant work on their taxes.
For more information, reach out to the United Way of Salem County at (856) 935-2538.