One third of workers eligible for the Earned Income Tax Credit may be newly qualified for the credit each year. Let’s make sure no one misses this benefit. Help the #IRS spread the word about #EITC: IRS.gov/eitc
Why is awareness important?
IRS estimates four of five eligible taxpayers claim and get the EITC. Best of all, EITC combined with the CTC/ACTC/ODC is a financial boost for working people and your local economy. EITC and the CTC greatly reduce poverty for working families. It’s clear that the EITC and Child Tax Credit (CTC) promote financial stability and opportunities for working individuals and families.
Resources:
Internal Revenue Service (IRS) - Earned Income Tax Credit (EITC)
Federal Deposit Insurance Company (FDIC): Tax Time Opportunities and Financial Education Resources: Building Consumer Savings and Banking Relationships