MILE HIGH MAGAZINE PODCAST

Mile High Magazine 2/12/2023 Colorado Department of Health and Environment

Guest: Heather Link-Bergman Economic Mobility Communications Manager Get Ahead Colorado is to help educate about tax credits and to encourage people to file their taxes.  The child tax credit (CTC) is a federal tax credit that helps low and moderate income families with children.  You need to have an income of at least $2,500 and file taxes.  You will get a tax credit of $2,000 for each child under the age of 16. The Earned Income Tax credit (EITC) an person can get up to $69,000 back it depends on the amount of income you earn, children and a few other factors.  About 1 in 4 Coloradoans do not claim they are eligible for.  The Child and Dependent Tax Credit is also a federal tax credit to help parents and caregivers to help pay child and dependent care while they are working (so daycare or dependent care while you are working).  Get Ahead Colorado is also focused on helping people find ways to file their taxes free.  One free way to file your taxes is on myfreetaxes.com.  A second way is using your smart phone on getyourrefund.org.  A third way is in person with VITA (Volunteer Income Tax Assistance) or TCE (Tax Counseling for the Elderly).  There are also state child tax credit and EITC credits to help provide an extra match up to 60%.           GetAheadColorado.org or HaciaAdelanteColorado.org

Published: Monday, February 13, 2023   |   Runtime: 14:48