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Local finance expert spills secrets of Earned Income Tax Credit.

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TLDR:

A local finance expert discusses the benefits of the Earned Income Tax Credit (EITC) in an interview with East Texas Now host Makayla Goos. The finance director for Goodwill Industries of East Texas, Misty Davis, highlights how families can take advantage of the EITC and mentions an upcoming event where Tyler Mayor Don Warren will proclaim the day to be Earned Income Tax Credit Day.

During the interview, Misty Davis emphasizes the importance of the Earned Income Tax Credit (EITC) in providing financial support to low-income families. She explains that the EITC is a refundable tax credit for working individuals and families with low to moderate incomes, designed to help reduce poverty. Davis highlights that the credit can have a significant impact on a family’s finances and can be especially beneficial for single parents, as it provides additional resources to support their children.

Davis explains that the EITC is based on income and family size, with higher credit amounts available for larger families. She encourages eligible individuals and families to take advantage of the credit by filing their tax returns and claiming the EITC. Davis also mentions the importance of spreading awareness about the EITC, as many individuals and families may not be aware of their eligibility or the potential benefits it offers.

The interview also mentions an upcoming event where Tyler Mayor Don Warren will officially declare a day as Earned Income Tax Credit Day. This event aims to raise awareness about the EITC and highlight its importance in supporting low-income families in the community.

Misty Davis concludes the interview by empowering viewers to educate themselves about the EITC and make use of the available resources. She emphasizes the critical role that the EITC plays in helping families meet their basic needs and encourages everyone to seek assistance from local organizations and tax professionals to ensure they receive the full benefits of the credit.

Overall, the key points of the article include:

  • The benefits of the Earned Income Tax Credit (EITC) for low-income families
  • The upcoming event where Tyler Mayor Don Warren will declare a day as Earned Income Tax Credit Day
  • The importance of spreading awareness about the EITC and assisting eligible individuals and families in claiming the credit
  • The role of the EITC in providing financial support and reducing poverty
  • The encouragement to seek assistance from local organizations and tax professionals to maximize the benefits of the EITC
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