PSE&G Encourages NJ's Working Families to Apply for Special Tax Credit

NEWARK, N.J., Jan. 31, 2011 /PRNewswire/ -- PSE&G urges New Jersey's workforce members who are in financial difficulty to see if they are eligible for the 2010 Earned Income Tax Credit (EITC). This special credit reduces the amount of taxes owed by eligible workers and sometimes provides a tax refund as well.

Many people who qualify for the credit, offered by New Jersey and by the federal government, are confused about how to apply for it. Depending on their income, individuals who worked full- or part-time or were self-employed in 2010 may qualify for the credit regardless of whether they are married or have children.

New parents, foster parents, and grandparents raising grandchildren all may be eligible. Some families, including those raising children with disabilities and those in the military, often don't know that special rules may make them eligible as well.

Each year the EITC puts billions of dollars into the hands of millions of lower- to middle-income workers.  Nearly 550,000 families and individuals in New Jersey received more than $1.6 billion in federal EITC benefits for the 2009 tax year. Approximately 525,000 of those received an additional $287 million in state EITC benefits.  

New Jersey residents should know that those eligible for the New Jersey EITC must file a state resident income tax return, even if they have no tax liability to New Jersey and do not usually file a state tax form.  

"EITC may be the financial boost for working people hit by hard economic times," said Joe Forline, PSE&G's vice president of customer operations. "If you lost your job in 2010 or had your work hours reduced, you might not realize that your decreased income qualifies you for the credit this time."  

The state of New Jersey has launched a public awareness campaign to promote the tax benefit and urges all eligible residents to take advantage of the program. The New Jersey Department of Human Services-Division of Family Development, PSE&G, the Association for Children of New Jersey, and the Internal Revenue Service (IRS) are working together to spread the word. As a result of our collective efforts to alert eligible taxpayers about EITC, the latest data indicates more qualified taxpayers are getting the credit. The IRS estimate four of five eligible taxpayers received their EITC last year. This means that millions of additional taxpayers are getting the credit they have earned.

PSE&G includes EITC information on the company's Web site at www.pseg.com/eitc and in customer bill messages during the first few months of the year. In addition, several of PSE&G's 16 Customer Service Centers display EITC information at the centers  

New Jersey individuals and families whose 2010 earnings were lower than $49,000 can get their taxes prepared free of charge. To find out where you can get free help filing your taxes, call the NJ Community Resource Hotline at 211 or 1-877-652-1148.

"Outreach and tax assistance play an important role in connecting New Jersey's lower-income workers to greatly needed tax credits," Forline said. "EITC can make life a little easier."

For general information, visit www.njeitc.org

For information on the Federal EITC, call 1-800-829-1040 or visit www.irs.gov/eitc.

For information about the New Jersey EITC, call 1-866-698-9065 or visit www.njtaxation.org

Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability. PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG), a diversified energy company (www.pseg.com).

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SOURCE Public Service Electric and Gas Company (PSE&G)