PSE&G Encourages NJ's Working Families To Apply For Special Tax Credit
NEWARK, N.J., March 7, 2013
NEWARK, N.J., March 7, 2013 /PRNewswire/ --PSE&G urges New Jersey's workforce
members who are in financial difficulty to see if they are eligible for the
2012 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.
Depending on their income, individuals who worked full- or part-time or were
self-employed in 2012 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.
"The earned income tax credit can make life a little bit easier for New
Jersey's low-income workers, especially those with children to support," said
Joseph A. Forline, PSE&G's vice president of customer solutions. "We're
appealing to the public to take advantage of the credit if they are eligible,
and also to let their friends and family know about it."
Individuals can receive a federal credit ranging from $475 to $5,891 and a
state credit ranging from $95 to $1,178. The chart below provides income
EITC INCOME GUIDELINES FOR FISCAL YEAR 2012
Qualifying Children AGI* AGI if married
3 or more$45,060
*AGI: Earned income and adjusted gross income
Each year the EITC puts billions of dollars into the hands of millions of
lower- to middle-income workers. In 2011, approximately 563,000 eligible
families and individuals claimed EITC worth nearly $1.3 million in federal
EITC. Approximately 527,950 of those received an additional $232 million in
state EITC benefits. The average state EITC credit amount was $439.
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.
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
PSE&G includes EITC information on the company's website 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 displayEITC
information at the centers.
New Jersey individuals and families whose 2012 earnings were lower than
$51,000 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
For general information, visit www.njeitc.org
For information on the Federal EITC, call 1-800-829-1040 or visit
For information about the New Jersey EITC, call 1-866-698-9065 or visit
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).
Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to
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SOURCE Public Service Electric and Gas Company (PSE&G)
Contact: Kristine Snodgrass, +1-973-430-7734
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