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In an effort to educate low income taxpayers on the benefits of the Earned Income Tax Credit (EITC), the IRS has launched EITC Awareness Days. Please watch the IRS Video below for more information. Highlights include:
- 1 in 5 Taxpayers Who Qualify for EITC fail to Claim the Credit
- Average Credit Amount is $2,200; But Can Be as High as $5,800
- Size of Credit Depends on Taxpayer’s Income & Family Size Amongst Other Factors
- EITC Can be Claimed & Refund Received Even If Taxpayer Is Not Required To File a Tax Return