Congresswoman Yvette D. Clarke Encourages Working Families to Take Advantage of Tax Credit
IRS Earned Income Tax Credit Awareness Day of 2010
WASHINGTON DC – The Earned Income Tax Credit (EITC) continues to be one of America’s most powerful anti-poverty and work support programs. Each year, the credit helps approximately 24 million working families make ends meet, lifting nearly five million out of poverty. However, an estimated five to seven million eligible taxpayers nationwide do not claim benefits they are entitled to through the EITC.
“In facing economic hardship, it is more important than ever that eligible families take advantage of the Earned Income Tax Credit,” said Rep. Clarke. “Because of the Recovery Act’s temporary EITC expansion and current economic conditions, it is likely that there are taxpayers who may be eligible for the EITC for the first time. I encourage my constituents to take advantage of free tax preparation sites and resources, including those provided by the IRS, to make sure that they receive the benefits they deserve this tax filing season.”
In an effort to help struggling families during this economic downturn, the American Recovery and Reinvestment Act of 2009 temporarily increased the EITC and expanded it for three or more children and increased the amount of EITC benefits current beneficiaries receive, making over 650,000 new families and 1.3 million children eligible. Currently, families making up to $48,000 may qualify for the credit, which may be worth more than $5,600.
For more information visit the IRS EITC Central Website at http://www.eitc.irs.gov/central/main/.