EITC Awareness Day

First off, what is EITC Awareness Day?

EITC Awareness Day is a one-day blitz in mainstream and social media to reach the broadest possible range of potentially-eligible taxpayers, including taxpayer segments we believe under claim the EITC, the (CTC/ACTC/ODC), and the AOTC.

When is EITC Awareness Day?

January 31, 2020.

What else should I know?

  • Nationwide during 2019, 25 million eligible workers and families received about $63 billion in EITC.
  • The average amount of EITC received nationwide was about $2,4761
  • EITC is for workers whose income does not exceed the following limits in 2019:
    • $50,162 ($55,952 married filing jointly) with three or more qualifying children
    • $46,703 ($52,493 married filing jointly) with two qualifying children
    • $41,094 ($46,884 married filing jointly) with one qualifying child
    • $15,570 ($21,370 married filing jointly) with no qualifying children

** Investment income must be $3,600 or less

  • Children must meet certain relationship, age, residency and joint return requirements to be a qualifying child. See if your child qualifies you for EITC; see “Qualifying Child Rules” on irs.gov or Publication 596.
  • Take the credit you’re due. The EITC credit  ranges from:
    • $11 to $6,557 with three or more qualifying children
    • $10 to $5,828 with two qualifying children
    • $9 to $3,526 with one qualifying child
    • $2 to $529 with no qualifying children
  • About one-third of the EITC eligible population turns over each year, so check your EITC eligibility today at www.IRS.gov/eitc.

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