The Earned Income Tax Credit (EITC) was signed into law and is designed to “lift many financially challenged families out of poverty,” according to the IRS.
What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...
Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...
In Indiana, more than 468,000 workers and families received about $1.2 billion total in EITC for tax year 2023. On average, taxpayers in Indiana received $2,724.