The Internal Revenue Service and partners nationwide launched the Earned Income Tax Credit Awareness Day outreach campaign today, aimed at helping millions of Americans who earned $50,270 or less take advantage of the Earned Income Tax Credit (EITC).
Local officials and community organizations across the country are sponsoring over 250 news conferences and other outreach events highlighting the benefits of this key work incentive for low-and moderate-income workers and working families.
The annual campaign is necessary because one-third of the eligible population changes each year as their financial, marital and parental statuses change. Although an estimated four out of five eligible workers and families get the credit, one in five still miss out on it, either because they don’t claim it when filing, or don’t file a tax return at all.
Call us or visit us to answer any questions regarding the EITC.