With your help, we can deliver this EITC money to your residents who have earned it. And, EITC is not just a boon to the people and working family it goes directly to; it also helps boost your local economy. Alan Berube of the Brookings Institution raises some key issues in his report, Using the Earned Income Tax Credit to Stimulate Local Economies, on how EITC provides this boost to your local economy:
If you promote your own, consider promoting federal credit at same time. The more dollars brought into your local economy, the more revenue you collect. And, remember if you don't have a local or state credit, the federal EITC still brings a lot of money into your community increasing the revenue you collect.
EITC Key Messages:
Four of five eligible people claim and get their EITC. Don't miss out; see if you qualify at www.irs.gov/eitc
If you work, EITC can be a boost to you, your family, and your community
For working people, life's a little easier with EITC
If you worked and earned under $50,000, find out if you are eligible for EITC
Real Estate or Housing Authorities
Reach out to those having problems paying their mortgage or keeping up with home repairs.
Vendor regulatory and/or licensing agencies
Reach out to those who are self-employed and to employers.
EITC Fast Facts - facts you can use in letters to local editors, newsletter articles, feature stories or on websites and Facebook pages. And facts you can rely on as accurate.
EITC Fact Sheets - Pass along these fact sheets to keep members of your community informed. You can distribute electronically or on paper.
Publications and Products - Download or view IRS publications specific to EITC.
1Texas Perspectives, Inc., "Increased Participation in the EITC in San Antonio" (Austin, 2003).
2Jacob France Institute, "The Importance of the Earned Income Tax Credit and Its Economic Effects in Baltimore City" (University of Baltimore, 2005).
Last Revised 11/20/2012