September 23, 2014

Earned Income Tax Credit a boon to working families

The IRS wants to make sure working families are aware of a credit they may be eligible for . Christopher Miller with the IRS in Milwaukee says the Earned Income Tax Credit can make a real difference for working families. “Last year about 383,000 families in Wisconsin received about $790 million in EITC, and the average check was just over $2000,” Miller says.

Miller says about a third of the people eligible for the EITC changes every year, for a variety of reasons, which is why the IRS makes an annual effort to make people aware of the credit.

“We know that generally speaking, 4 out 0f 5 eligible workers claim and get this EITC,” Miller says, “That still means, of course, that we’re missing somewhere in the neighborhood of 20 to 25 percent of the people.”

Even single people without kids can qualify for the credit, as well as grandparents taking care of grandchildren. Friday is Earned Income Tax Credit Awareness Day.

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