Governor reminds Arizonans of special tax credits

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The following is a new release from the governor's office

October 15 is Deadline to File Taxes to Receive Earned Income Tax Credit, Economic Stimulus Payment

PHOENIX - Governor Janet Napolitano today reminded Arizonans that it is not too late to file a 2007 income tax return to take advantage of the special tax credits that may be available to them. October 15, 2008 is the deadline to file federal income taxes and many residents may find that they are eligible for the Earned Income Tax Credit (EITC) or an economic stimulus payment.

"The average EITC benefit per family is $1,495 dollars," said Governor Napolitano. "That money, in addition to an economic stimulus payment, could make a tremendous positive impact on a hardworking, low- to moderate-income family. It's so important to get the message out to residents about EITC and the importance of filing their taxes."

The EITC is a federal refundable tax credit available to working, low- to moderate-income individuals and families. The credit can be worth thousands of dollars and can boost an income by as much as 35 percent. To qualify, a taxpayer must meet certain rules and file a tax return, even if they don't earn enough to normally require filing a return. In addition, a tax return must be filed to receive the economic stimulus rebate which is between $300 and $600 for a single taxpayer and between $600 and $1200 for a married couple.

Low- to moderate-income individuals and families may also save money by finding a Volunteer Income Tax Assistance (VITA) site in their community. Volunteers at VITA sites will prepare and file taxes for free for those who qualify.

Although many VITA sites close after the regular April 15 filing deadline each year, there are a few sites still open until Oct. 15. To find a VITA site, visit the Community Information and Referral Web site at and click on tax preparation information in the Special Announcements. Residents can also check with their local United Way for information on free tax preparation services in the community or visit and click on Find Help.

Early data from the IRS indicates that as of April, Arizona families have received more than $15.5 million in EITC, 22 percent more than last year. In addition, Arizona families saved almost $23 million in free tax preparation services.

For more information about the Office of the Governor, please visit .