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,”
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
The maximum credit for the 2007 tax
$4,716 with two or more qualifying
$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
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.
Entergy Mississippi’s on-line address is