To reduce child poverty, increase EITC participation | Things and Stuff | Scoop.it
In 2019, the federal government disbursed $61 billion through the Earned Income Tax Credit (EITC), considered one of the most effective programs for reducing child poverty and promoting economic mobility among low-income families. Yet each year, one out of every five eligible workers misses out on this valuable tax benefit. Outreach is critical to ensure that working families get the support they deserve. The EITC is a federal tax credit designed to help working families support themselves and their children while also encouraging workforce participation. The income limit and maximum credit varies by marital status and the number of children in the family (see table below).