Tax season is in full swing and depending upon your tax status that may or may not be a good thing. Whatever your situation the Single Mom’s Corner would like to give Oregonians the skinny on a few things.
1. According to the Oregon Center for Public Policy, of all working families nationwide, Oregon families are the least likely to claim the federal Earned Income Tax Credit (EITC) — a tax credit that helps low-income households make ends meet.
2. There are 140 free tax sites in the state of Oregon. For more information and to find locations near you or to file online go to www.cashoregon.org.
3. Get paid $130 for the Family Economic Opportunity Survey (FEO) organized by Innovative Changes for more information and to see if you qualify call 503-249-5205.
4. Enter the save your refund sweepstakes a cool incentive that encourages tax filers to save a portion of their refund and possibly win cash prizes. To learn more and enter the sweepstakes go to saveyourrefun.com.
5. Don’t let tax season be the only time you acknowledge your finances. Take time throughout the year to evaluate your financial situation. Knowing your personal financial status can definitely create a sense of control and empowerment.
For many people, tax season is the only time they receive a large influx of money at one time. A large amount of money can be a little overwhelming especially if you haven’t previously taken the time to sincerely think about how to spend the money.
I would like to encourage you all to split your refund in three ways. (1) save a portion for a rainy day (2) payoff some debt and last (3) but certainly not least spend the rest on some family fun.