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Tax News
EITC Awareness Day Is January 29, 2010

The IRS in partnership with local organizations in your area will kick off the Earned Income Tax Credit (EITC) Awareness Day event on January 29 to promote the federal tax credit.

The EITC is a refundable federal income tax credit for low-income working individuals and families. When the credit exceeds the amount of taxes owed, it results in a tax refund to those who qualify for and claim the credit. EITC can bring money into communities.

The IRS has a Partner Toolkit at www.eitc.irs.gov that provides EITC resources such as state-by-state statistics, ready-to-use presentations, fact sheets that can be used in outreach efforts, a sample "tweet," letter to the editor, newsletter article, web article, "widget" (coming soon), and an "on-hold" message.

Remember:

  • New EITC provisions mean more money for larger families.
  • EITC can be a financial boost for working people hit by hard economic times.
  • One in four eligible taxpayers could miss out because they don't check it out.

The EITC program enjoys relatively high participation rates; between 75 and 80 percent of eligible taxpayers claim the credit. Nonetheless, the IRS works hard to identify and reach the remaining EITC eligible taxpayers. The IRS is committed to maximizing participation while minimizing error.

The EITC Assistant (available mid-January) can help people determine if they qualify.

Please consider joining with local organizations interested in promoting the credit. If your office is interested in participating in a local news conference or issuing a press release, the IRS can help you connect with like-minded organizations in your area.

Back to January 2010 Tax News