An Extra 300 Bucks Can Make a Big Difference for Some This Tax Season

By John Nevitt

Can you believe we're only 50 days from that annual deadline to file state and federal taxes? This time of year, money seems to be on everyone's mind and every penny can count.

For many hard working families, $300 can be the difference between being in crisis and managing a minor emergency. All of us have been there at some point or another; the furnace goes on the fritz, the car needs new brakes, your son falls off his skateboard and requires stitches. Life happens!

For families living from paycheck to paycheck, having a cushion that's as small as $300 can make a big difference. That’s why for the last few years, Metro United Way has partnered with organizations across the state to enact a state Earned Income Credit (EIC). In short, the Kentucky EIC is a tax credit modeled after a similar federal credit that would help low-to-moderate income families make ends meet.