WASHINGTON – More people without children now qualify for the Earned
Income Tax Credit (EITC), the federal government’s largest refundable
tax credit for low- to moderate-income families.
In addition, families can use pre-pandemic income levels to qualify
if it results in a larger credit. The Internal Revenue Service and
partners across the nation highlight those changes today as they mark
the 16th annual EITC Awareness Day.
Enacted in 1975, EITC is regarded as one of the government’s largest
antipoverty programs helping millions of American families every year.
The IRS and partners nationwide urge people to check to see if they
qualify for this important credit, and also urge people who don’t
normally file a tax return to review whether they qualify for EITC and
other valuable credits like the Child Tax Credit or the Recovery Rebate
Credit, also referred to as stimulus payments.
“There are important changes to EITC that will help this credit reach
more hard-working families this year,” said IRS Commissioner Chuck
Rettig. “We urge people potentially eligible for this valuable credit to
review the guidelines; many people each year overlook this and leave
money on the table. On this EITC Awareness Day, we want to make sure
everyone who qualifies for the credit knows about it and has the
information they need to get it.”
The IRS began accepting 2021 tax returns on January 24, 2022.
Taxpayers can ensure they’re getting all the credits and deductions for
which…
