EITC Finder Helps Low- & Middle-income Taxpayers Claim Overlooked Credit

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Intuit has launched a free, mobile app, EITC Finder, aimed at helping taxpayers determine whether or not they qualify for the Earned Income Tax Credit (EITC). The EITC Finder is available in English and Spanish on the Android Market, Amazon Appstore for Android as well as the App Store. Low- and middle-income taxpayers are guided through some simple questions pertaining to their marital status, dependents as well as wages.

If you are a tax payer eligible for the credit, the app will estimate the amount likely to be applied to federal and state refunds. The app will then advise you on how to claim the credit by facilitating your process of preparing and filing your tax returns using a free product offered via IRS Free File. For the uninitiated, the IRS Free File program is a public-private partnership that exists between the IRS and commercial tax software companies. Taxpayers can file returns electronically, and can get refunds within 7-14 days, if they opt for direct deposit.

The company believes this app will also be particularly helpful to NGOs and similar agencies serving lower-income tax filers as it will provide such organisations with "an easy and flexible way to help their clients determine EITC eligibility anytime, anywhere with Internet access."
 
Intuit’s Free File offering is called the TurboTax Freedom Edition, is available for:

* EITC-eligible taxpayers as well as filers with "an adjusted gross income of $31,000 or less".
* Active duty military personnel with "an adjusted gross income of $57,000 or less in 2011".

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