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Published: Fri, 26 Jan 2018 06:00:00 +0000

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The Earned Income Tax Credit (EITC) is a tax credit for working people that have low to moderate incomes. In order for the credit to be claimed, requirements must be met, and a tax return must be filed. The goal of Earned Income Tax Credit Awareness Day is to increase awareness for the refundable tax credits that many miss, not only the EITC, but also the Child Tax Credit (CTC), the Additional Child Tax Credit (ADTC), and the American Opportunity Tax Credit (AOTC). This heightened awareness helps to motivate people to explore whether they qualify for tax credits or not. These tax credits help boost the local economy, and help reduce poverty for working families. The EITC credit puts thousands of dollars in the pockets of workers and their families. In 2017, 25.8 million people received money from the EITC; the average amount of money received from the tax credit was $2,470. The day is a national effort organized by the IRS, with the partnering of elected officials, state and local governments, community organizations, schools, employers, and others.

Earned Income Tax Credit Awareness Day, also known as EITC Awareness Day, is observed next on Friday, January 25th, 2019. It was observed on January 17th in 2006. It has been observed the last Friday of January since 2007.