EITC Awareness January 25 & Beyond
The official day for the annual EITC awareness was January 25. Because the opportunity to claim the EITC still lies ahead, the Administration for Children and Families (ACF) continues the awareness of this credit that is so valuable for those who are eligible.
As one of the largest federal anti-poverty programs, EITC is a powerful asset-building tool for people with earned income because it can reduce their taxes and result in a refund. It is estimated that EITC lifted 6.6 million people out of poverty, including 3.3 million children. Last year, close to 26.5 million people received almost $60.7 billion in EITC. However, approximately one out of five eligible workers do not claim their EITC. For the 2012 federal tax returns, those who are eligible can receive up to $5,981.
Below please find a letter (and attachment) regarding the Earned Income Tax Credit (EITC) initiative.