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TAX TIME PROVIDES OPPORTUNITY FOR AMERICA'S WORKING FAMILIES TO BENEFIT FROM THE EARNED INCOME TAX CREDIT

March 12, 2007 at 10:02 AM EDT

Capital One and Points of Light Foundation Partner to Raise Awareness Providing Free Tax Preparation and Training

ADDITIONAL RESOURCES: Video, hard copy requests, contact information and more available at: http://www.prnewswire.com/broadcast/26940/consumer.html

THIS IS A MULTIVU SPECIAL REPORT BROUGHT TO YOU BY CAPITAL ONE. THE IRS ESTIMATES THAT $32 BILLION IN TAX RELIEF IS AVAILABLE TO LOW-TO-MODERATE -INCOME WORKING FAMILIES WHO QUALIFY FOR THE "FEDERAL EARNED INCOME TAX CREDIT", A CREDIT APPROVED BY CONGRESS IN 1975 TO OFFSET THE BURDEN OF SOCIAL SECURITY TAXES AND PROVIDE AN INCENTIVE TO WORK.

SURPRISINGLY, UP TO 20 PERCENT OF THOSE WHO ARE ELIGIBLE FOR THE EARNED INCOME TAX CREDIT AREN'T AWARE IT EXISTS, LEAVING MANY WORKING FAMILIES TO MISS OUT ON THE REFUND. BUT THANKS TO PROGRAMS LIKE THE 'EITC AND ASSET BUILDING INITIATIVE' SPONSORED BY CAPITAL ONE AND THE POINTS OF LIGHT FOUNDATION, MORE CONSUMERS ARE LEARNING ABOUT THE CREDIT.

DIANA DON OF CAPITAL ONE:

"The Earned Income Tax Credit can provide low-to-moderate income families with more spendable income to keep. Capital One's program with the Points of Light Foundation is designed to educate consumers about the free tax preparation and encourage more eligible individuals and families to take advantage of the EITC."

TO FIND OUT HOW TO PARTICIPATE, VISIT www.pointsoflight.org/eitc.

I'M LARRY CARDARELLI

AUDIO PROVIDED BY: Capital One

SOURCE
Capital One

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