Working families miss out on tax credits, report says

file2491241837403Only 20% of low income, working families apply for federal earned income tax credits that could offer large returns, according to the Michigan League for Public Policy.

The tax credits are contingent on family size and income but officials with the Michigan League for Public Policy say the returns can be substantial.

Alex Rossman is a spokesman for the Michigan League for Public Policy. He said the tax credits are meant to support working families raising children.

“Another thing we’re really trying to iterate with all of these tax credits is that a majority of the money individuals get back is going right back into the local communities.”

Rossman said the Michigan League for Public Policy advocates for the expansion of the program to include half a million low wage workers without children.

Those interested in learning more about how to get tax credits can visit: http://www.mlpp.org/