Or Dedra, a local travel agent who has used the funds she received to put a down payment on a car and house.
Consider Courtney, an online teacher and OKC resident, who received over $2,000 in EITC funds and was able to buy furniture for her home, cut out an entire monthly bill and start putting money back into her savings. If you’re like many Oklahoma City residents, an extra $2,470 could drastically change this year for you. The average Oklahoma EITC refund in 2018 was $2,470. Depending on how many children you have, you could expect a refund between $2,000 and $6,500. If you’re between the ages of 25 and 64 and earned less than $56,000 in 2019, the EITC is for you. each year instead of being claimed by Oklahomans and their families. But right now, an estimated $150 million - set aside by the federal government - is being left in Washington, D.C. We’re in the midst of another tax season and many Oklahomans are unaware of an opportunity that could not only change their lives, but also drastically impact our state’s economy.Ĭurrently, Oklahomans are leaving millions of dollars on the table because they aren’t taking advantage of the Federal Earned Income Tax Credit (EITC), an annual tax refund for low- and moderate-income workers that helps reduce their federal tax burden.Īs the program director for Academia OKC and a community ambassador for OKC Tax Help, I’ve had the opportunity to see firsthand how this money could positively impact our communities, our schools and our city’s children.
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