2006 Taxes:

$47,078 refunded in 2007

to local residents who e-filed with the Malden Tax Partnership

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Volunteers Needed (click Volunteer Match to read description):  

Become Money Smart

Take control over your finances and money. Learn how to save, how to make your money work for you, why short-term loans may hurt more than they help, and much more!

Special Savings Account program for selected financial literacy cours participants. Check the Money Smart section of this website for more information.

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Do You Qualify for the Earned Income Tax Credit?

To qualify, you must have worked (earned income of at least $1.00) in 2007 and both your earned income & adjusted gross income for 2007 must fit the guidelines below.

You are Single with: Your income must be less than: 0 children (see note) $12,590 1 child   $33,241 2 or more  children   $37,783 You are Married and filing jointly with: Income for both must be less than: 0 children (see note) $14,590 1 child   $35,241 2 or more children   39,783

The maximum amount of investment income you can have and still get the credit is $2,900.

Qualifying Children

To qualify with children, the child/children must be:

• Your son, daughter, adopted child, stepchild, or a descendant of any of your children (e.g., grandchild); or
• Brother, sister, stepbrother, stepsister, or a descendant (e.g., your niece or nephew) of any of them whom you cared for as you would your own child, or
• Eligible foster child

NOTE: If you have no (0) qualifying children, you must also meet these extra criteria:

• Age: you (& your spouse if married & filing jointly) must be at least age 25 but under age 65 on December 31, 2007
• Dependents: you (& your spouse if married & filing jointly) cannot be claimed as a dependent on anyone else’s 2007 tax return
• Residence: your home (and your spouse’s if married and filing jointly) was in the United States for more than half of 2007

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Tax preparation is conducted by IRS-sponsored and trained volunteers at the Cyber Cafe @ Malden Square,
Website designed and maintained by Murray Learning Associates