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News EssentialsThe Newsroom TopicsIRS Resources | Issue Number: IR-2024-22Inside This IssueIRS, partners highlight EITC Awareness Day with tax resources that benefit millions of low- and moderate-income workers WASHINGTON – The Internal Revenue Service and partners around the nation today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of low-to-moderate income working Americans that are eligible to claim the Earned Income Tax Credit (EITC). For the past 18 years, the IRS has invited community organizations, elected officials, state and local governments, schools, employers and other interested parties to join this national grassroots effort. According to the most recent figures, approximately 23 million workers and families received about $57 billion in EITC for tax year 2022, and the average amount of EITC received was about $2,541. The IRS estimates that about one in five of EITC eligible taxpayers don't claim this valuable credit, a statistic that stresses the importance of the annual EITC Awareness Day outreach campaign. "The IRS and our partners across the nation urge people to look into this frequently overlooked tax credit that can help millions of taxpayers," said IRS Commissioner Danny Werfel. "On EITC Awareness Day and throughout the filing season, the IRS and our partners work hard to reach eligible taxpayers and provide useful information and resources to help people determine their eligibility and how to properly claim this valuable credit. Even people who don't normally file might still be eligible for the Earned Income Tax Credit, which can be thousands of dollars." Werfel attended a special EITC Awareness Day event Friday in Baltimore sponsored by the CASH (Creating Assets, Savings and Hope) Campaign of Maryland. IRS leaders across the nation are also participating in local events this month highlighting the importance of EITC, which helps millions of taxpayers each year. The IRS administers the EITC, which Congress originally approved in 1975. It was developed in part to offset the burden of Social Security taxes and provide an incentive to work. Who is eligible to claim the EITC? The IRS encourages workers to use the EITC Assistant to check for eligibility or visit Child-Related Tax Benefits Comparison for basic eligibility rules. Eligible workers must have valid Social Security numbers for themselves, their spouse if filing a joint return, and for each qualifying child claimed for the EITC. There are special rules for those in the military or those out of the country. Those with qualifying children can receive a maximum of $7,430 when claiming the EITC, up from $6,935 in 2022. Eligible workers between the ages of 25 and 64 with no dependents can also receive up to $600 by claiming the EITC. Married but separated spouses who do not file a joint return may qualify to claim EITC if they meet certain requirements. EITC is for workers whose income does not exceed the following limits in 2023:
Filing options to choose from when claiming the EITC Here are some options on how to claim the EITC:
When to expect EITC refunds Take advantage of other valuable tax credits Related items
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