EITC Fast Facts

Use one or more of the following EITC facts during the 2017 filing season in your articles, flyers, speeches or presentations to better target the EITC Key Communication Messages to your audience.

 

Find downloadable versions below 

 

  • Last year, more than 27 million eligible workers and families received more than $67 billion in EITC; with an average EITC amount of about $2,455.

 

  • EITC is for workers whose income does not exceed the following limits in 2016:
    • $47,955 ($53,505 married filing jointly) with three or more qualifying children
    • $44,648 ($50,198 married filing jointly) with two qualifying children
    • $39,296 ($44,846 married filing jointly) with one qualifying child
    • $14,880 ($20,430 married filing jointly) with no qualifying children

** Investment income must be $3,400 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 $6,269 with three or more qualifying children
    • $10 to $5,572 with two qualifying children
    • $9 to $3,373 with one qualifying child
    • $2 to $506 with no qualifying children

 

  • About one-third of the EITC eligible population turns over each year, so check your EITC eligibility today at IRS.gov EITC.

 

  • The EITC can be a boost to you, your family and community. Anyone with earnings of $54,000 or less should see if they qualify at IRS.gov EITC or visit a volunteer tax assistance site.

 

  • Four of five eligible workers claim and get their EITC. We want to raise that number to five out of five. You earned it, "now file, claim it and get it." See if you qualify at IRS.gov EITC.

 

  • The EITC and CTC greatly reduce poverty for working families.  These working-family tax credits lifted 9.4 million people out of poverty in 2013, including 5 million children, and made 22 million other people less poor.1

 

  • Millions of workers qualify for EITC for the first time this year, making awareness critical. Workers move into and out of eligibility based on changes in their marital, parental and financial status. It is important they are made aware of this and other credits available if they qualify.

 

  • If you qualify for EITC, see what other child-related tax credits you may be eligible to claim.

 

  • The amount of the EITC depends on the amount you earned from working for someone or for yourself, whether you are married or single, and the number of qualifying children you have, if any. Don’t miss out, find out if you are eligible at IRS.gov EITC.

 

  • If you qualify for EITC, you must file a federal income tax return and claim the credit to get it, even if you owe no tax or aren’t required to file a return.

 

  • Workers at risk for overlooking this important credit include those:
    • Living in non-traditional homes, such as a grandparent raising a grandchild
    • Whose earnings declined or whose marital or parental status changed
    • Without children
    • With limited English skills
    • Living in rural areas
    • Who are Native Americans
    • With earnings below the filing requirement
    • Who have disabilities or are raising children with disabilities

 

  • If you qualify for the Federal EITC, you may also be eligible for a similar credit from your state or local government. Twenty-five states, plus local municipalities including the District of Columbia and New York City, offer residents an earned income tax credit for 2016.

 

  • Here are free ways to determine your eligibility for, file and claim your EITC for free:
    • You can use the online EITC Assistant at www.irs.gov to help you determine if your are eligible. The 2016 tax year versions in both English and Spanish will be available in January, 2017.
    • If you make $54,000  a year or less, you can access free tax return preparation services available at more than 13,000 community volunteer tax assistance sites.
    • You can use brand name software products through IRS’s Free File and electronically file your return to claim your EITC. Visit  www.IRS.gov to access the software.

 

  • You should choose a tax preparer carefully. You are responsible for the accuracy of your own return. If you pay someone to prepare your tax return, the preparer must sign it and enter his or her PTIN, Preparer Tax Identification Number. Don’t ever sign a blank tax return. Find out what you should know if you pay someone to do your taxes.

 

  • You should also avoid common errors that could delay your refund or deny your EITC claim. Reckless or intentional disregard of the rules could ban you from claiming the EITC for up to 10 years.

 

1Source:  Chuck Marr, Chye-Ching Huang, Arloc Sherman, and Brandon DeBot, CBPP - EITC and Child Tax Credit Promote Work, Reduce Poverty, and Support Children’s Development, Research Finds, October 1, 2015

 

EITC Fast Facts Downloadable Versions 

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Additional Reference Material

  • EITC Key Messages - Using the same key messages makes our collaborative efforts more powerful.
  • Tips for Writing a Feature Story - you can use one of our "Grab and Go" products listed below, but if you choose to create your own see these handy tips.
  • EITC Statistics by State - find the number of EITC Claims, the total EITC amount paid  and the average amount paid per claim for tax returns filed during 2015 for the 2014 Tax Year.

 

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