Some DC residents can get their taxes prepared for free, and thousands more with their refund | WDVM25 and DCW50

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WASHINGTON (WDVM) – Low- and middle-income district residents are eligible for free and virtual tax preparation services from the DC Department of Insurance, Securities and Banking (DISB) and the United Way of the National Capital Area (United Way NCA).

These individuals could also be eligible for the Earned Income Tax Credit (EITC), the country’s largest and most effective poverty reduction program. People are eligible for the refundable tax credit this year if their income does not exceed $57,414. You must also have investment income of less than $10,000, have a valid Social Security number, be a US citizen or resident alien, and cannot file a 2555 form.

Officials warn that the most important thing for residents is to make sure they file their taxes.

Michelle Hammonds, director of the Office of Financial Empowerment and Education, said: “People on lower incomes feel they don’t have to apply because it isn’t required up to a certain amount of income, so they may be missing out on that particular one Credit and many others if they don’t file their taxes.

The EITC could put up to $6,700 in the pockets of eligible taxpayers. According to the IRS, as of December 2020, 25 million workers and families received approximately $62 billion in EITC. The average nationwide amount of EITC was approximately $2,461.

“Part of giving more Washingtonians a fair shot is making sure they know about programs like the Earned Income Tax Credit,” Mayor Bowser said. “Now we must spread the word that through this collaboration with the United Way NCA and other supportive partners, residents can work with trained IRS professionals and volunteers at no cost to obtain a loan potentially worth thousands of dollars.”

Tax preparation services begin January 28th and are available virtually or in person (in accordance with COVID-19 safety protocols).

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