Monday, May 21, 2012
   
Text Size

Make Home Page     Register for FREE!     Advertise with Us    Add Story    Contact Us

Need Help With Taxes?

Need help with taxes? Just call the Nashville Wealth Building Alliance. The NWBA is a community group of over 175 partner organizations that strive to help working families receive the full amount they deserve from their federal tax returns, especially the Earned Income Tax Credit (EITC). A study done by Vanderbilt University showed that there is a positive impact on the community when all families eligible for the credit actually claim it, but that many families fail to claim the tax credit because they simply did not know about the credit.

Although there are certain specific provisions to the tax credit not included here, this is basically how the numbers break down.

 

Earned Income and adjusted gross income (AGI) must each be less than:
$43,279 ($48,279 married filing jointly) with three or more qualifying children
$40,295 ($45,295 married filing jointly) with two qualifying children
$35,463 ($40,463 married filing jointly) with one qualifying child
$13,440 ($18,440 married filing jointly) with no qualifying children

Tax Year 2009 maximum credit:
$5,657 with three or more qualifying children
$5,028 with two qualifying children
$3,043 with one qualifying child
$457 with no qualifying children

Information regarding the location and hours of the NWBA free tax preparation sites is available by dialing 2-1-1, Middle Tennessee's community services help line sponsored by the United Way of Metropolitan Nashville.

Business Headlines

  • Facebook stock seen facing crucial week after modest debut

    Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New YorkNEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...


  • G8 growth talk leaves wary markets awaiting action
    (Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", as they also recognized problems among European banks and gave verbal backing for Greece to stay in the euro. Still, despite U.S. calls for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt ...
  • Europe faces difficult search for growth

    French President Francois Hollande, left, talks with German Chancellor Angela Merkel at the North Atlantic Council meeting in Chicago during the NATO 2012 Summit Sunday, May 20, 2012. French Defense Minister Jean-Yves Le Drian is at back center. (AP Photo/Christophe Ena)On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.


© 2009 Homepage, Inc. All Rights Reserved.