Note to tax return preparers about the EITC, CTC, ACTC, ODC, and AOTC
Our goal is to make sure every eligible individual calculates the credit accurately and gets the correct amount. The IRS considers you an essential partner in helping individuals and families understand complex legislative requirements and claim the credit only when appropriate. Each year, millions of taxpayers claim refundable credits, and the dollar amount paid out in error is significant. For example, IRS estimated that in Fiscal Year 2019 the EITC erroneous payment rate was 25.3 percent of all EITC payments, roughly $17.35 billion.
We are committed to providing you with the information and tools you need to prepare accurate and complete refundable credit returns.
If you have comments or suggestions on improving this toolkit, please let us know.