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March 07, 2008
For Immediate Release
Contact:
Mara Hartmann
Entergy Mississippi, Inc.
mhartma@entergy.com
Entergy Mississippi Encourages Low-Income Customers to Ease Their Tax Burden

Earned Income Tax Credit brings boost to Mississippi economy

Jackson, Miss.—Entergy Mississippi, Inc. is sending a message to its customers that could bring millions of dollars into the state.
Throughout this tax season, the company is sending notices and making phone calls promoting the Earned Income Tax Credit (EITC) to potentially eligible residential customers in Entergy Mississippi’s 45-county service area.

“It’s part of Entergy Mississippi’s efforts to help low-income residents,” said Gloria Johnson, director of customer service for Entergy Mississippi. “Between 20 and 30 percent of our customers live at or below the poverty level. We’re finding that many of them qualify for the Earned Income Tax Credit, but they don’t know anything about it.

“Working families can receive up to $4,716 if they qualify, and that can make a huge difference in their lives,” Johnson said.

Entergy Mississippi’s efforts complement the Internal Revenue Service’s campaign to educate taxpayers about the EITC and requirements to claim the credit.

In the 2007 tax filing season, 373,391 Entergy Mississippi residents received $867,839 through EITC, according to the IRS.

“We believe that number could easily go higher if more people were aware of the program,” said Johnson. “EITC not only benefits working families, it also reduces demand for public service and benefit programs, and it helps our local economy.”

The EITC is a federal income tax credit for low-income workers who are eligible for and claim the credit. Taxpayers who qualify for and claim the credit can reduce the amount of tax they owe, pay no tax or get a refund. Research by the IRS indicates that nearly one-quarter of households (between 3.5 and 7 million) who are entitled to the credit do not claim it.

To qualify for the EITC, earned income and adjusted gross income must each be less than:

  • $37,783 ($39,783 married filing jointly) with two or more qualifying children;

  • $33,241 ($35,241 married filing jointly) with one qualifying child;

  • $12,590 ($14,590 married filing jointly) with no qualifying children.

For a complete list of EITC requirements, interested applicants should review publication 596, which is available by calling the IRS at 1-800-TAX FORM (1-800-829-3676) or by visiting the IRS web site at http://www.irs-eitc.info/.

The maximum credit for the 2007 tax year is:

  • $4,716 with two or more qualifying children;

  • $2,853 with one qualifying child;

  • $428 with no qualifying children.

Entergy Mississippi also encourages all its eligible customers to take advantage of the Child Tax Credit. With the Child Tax Credit, customers may be able to reduce the federal tax they owe by close to $600 for each qualifying child under the age of 17. More information on the Child Tax Credit is available at http://www.irs.gov/newsroom/article/0.id=106182,00.html.

In addition, Entergy Mississippi encourages customers to contact their local library or community action agency for information on locations offering tax assistance.

Entergy Mississippi provides electricity to more than 433,000 customers in 45 counties. It is a subsidiary of Entergy Corporation. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas.

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Entergy Mississippi’s on-line address is www.entergy-mississippi.com.