Increase the Earned Income Tax Credit

Copyright

2021

Published Date

04/16/2021

Published By

Well Being In the Nation Network

The Earned Income Tax Credit (EITC) is a federal tax credit for low- and middle-income earners. The amount of the credit is based on income and family size. The credit reduces the taxes owed. In addition to the federal EITC, 29 states (and Washington, DC) have their own EITCs. The EITC has been shown to reduce poverty. Families often use the money to pay for basic needs, essential repairs, higher education, or job training.