Today’s the sixth annual Earned Income Tax Credit (EITC) Awareness Day, an event organized by the Internal Revenue Service (IRS) and its partners to raise public awareness of the EITC.
Designed to encourage and reward work as well as offset federal payroll and income taxes, the EITC helps millions of low- and moderate-income working families to make ends meet. In 2010, it lifted about 6 million people out of poverty, including about 3 million children. The EITC lifts more children out of poverty than any other program.
Yet according to the IRS, each year millions of eligible workers do not claim their credits, missing out on millions of dollars they earned.
To learn more about the EITC, click on the links below: