THE BUREAU OBSERVES EITC DAY 2024

Joel A. Lee, CPA, Director of the Virgin Islands Bureau of Internal Revenue urges Virgin Islands taxpayers to recognize Earned Income Tax Credit Awareness Day. This year, the EITC Awareness Day will be celebrated on Friday, February 2, 2024.

This EITC Day is part of a nationwide effort to increase awareness about the EITC and other refundable credits. This year, the Virgin Islands Bureau of Internal Revenue is promoting EITC and providing information on other refundable tax credits that you may be eligible for. This includes the Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC), the Credit for Other Dependents (ODC) and/or the American Opportunity Tax Credit (AOTC).

If you worked last year and your income is less than $63,698, check out your eligibility for EITC. EITC can mean up to a $7,430 refund when you file a return and have qualifying children. Workers with no qualifying children could be eligible for a smaller credit, up to $600 dollars.

EITC is complex. It varies by income, family size and your filing status. To be eligible, you must have earned income or certain disability income. This means you must have income from working for someone or working for yourself. Make sure you get the right amount of credit due you.

Check out the Bureau' staff on St. Thomas at Nisky Center and Tutu Park Mall and on St. Croix at the Sunny Isle Shopping Center (near the Food Court) from 9:00 a.m.-2:00 p.m. on Friday, February 2, 2024 for more information about the EITC.