IRS Promotes Programs for Saving Refunds, Opening Accounts

More than 22.4 million taxpayers received more than $43.7 billion in Earned Income Tax Credit (EITC) on their 2006 federal income tax returns, but the IRS estimates that approximately one in four eligible taxpayers fails to claim EITC. Eligibility requirements for the credit can be complex, the agency says, adding that many people may not realize they qualify, including non-English speakers, non-traditional families, the homeless, childless workers, rural residents, and those who have earned income but may not have a filing requirement.

IRS says that many organizations offering free tax help also are encouraging taxpayers to save a little money or open a bank account. The agency says it has helped in this effort by creating a split-refund program that allows all taxpayers to divide their refunds among up to three financial accounts, such as checking, savings, and retirement. EITC claimants are eligible for free tax preparation services provided at nearly 12,000 volunteer sites nationwide. They also can link to Free File through IRS.gov if they wish to prepare their own returns.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Analyze Incident Data and Maintain OSHA Compliance

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Industry Safe
comments powered by Disqus