A little known provision in the tax code could help rural residents save a little money on their taxes, or get more money in their return.
It’s called the Earned Income Tax Credit and it allows low-income people who worked to get a credit for each dollar they earned.
Ohio State University Extension Consumer Policy Expert, Lauren Jones says there are still many who miss out.
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“Somewhere around 40 percent of the people who are eligible for the credit don’t actually end up claiming it.”
Jones says it can be worth…
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“Up to $5,000 for the lowest income, single-parent families with multiple children.”
For more information, check out IRS.gov or talk with tax professional.