PSE&G Encourages NJ's Working Families to Apply for Special Tax Credit
NEWARK, N.J., Feb. 19, 2014
NEWARK, N.J., Feb. 19, 2014 /PRNewswire/ -- PSE&G urges New Jersey's workforce
members who are in financial difficulty to see if they are eligible for the
2013 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.
(Logo: http://photos.prnewswire.com/prnh/20120830/MM62627LOGO )
Depending on their income, individuals who worked full- or part-time or were
self-employed in 2013 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 help working New Jerseyans who are
struggling to make ends meet," said Joseph A. Forline, PSE&G's vice president
of customer solutions. "Unfortunately, it's often overlooked. We're appealing
to the public to claim this credit if they are eligible, and also let their
friends and family know about it."
Individuals can receive a federal credit ranging from $487 to $6,044 and a
state credit ranging from $97 to $1,209. The chart below provides income
EITC INCOME GUIDELINES FOR FISCAL YEAR 2013
Qualifying Children AGI* AGI if married
3 or more $46,227
*AGI: Earned income and adjusted gross
Each year the EITC puts billions of dollars into the hands of millions of
lower- to middle-income workers. In 2012, approximately 568,000 eligible
families and individuals claimednearly $1.3 million in federal EITC.
Approximately 467,622 of those received an additional $232 million in state
EITC benefits. The average state EITC credit amount was $411.
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 Advocates for Children of New Jersey, and the Internal
Revenue Service (IRS) are working together to spread the word. 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 display EITC
information at the center.
New Jersey individuals and families whose 2013 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 Lloyd, 973-430-7734
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