It's National EITC Day
The Internal Revenue Service has designated today as National Earned Income Tax Credit (EITC) Awareness Day -- just in time for the launch of Bread for the World’s 2010 Offering of Letters. The EITC, the focus of this year’s Offering, is a refundable tax credit that helps low-income families keep more of their earnings. In fact, this tax credit helps about 5 million people every year -- including 2.6 million children -- live above the poverty line.
Next Monday marks the official start of Bread’s 2010 Offering of Letters, which calls on Congress to protect and strengthen key tax credits such as the EITC. Check out www.bread.org/ol2010 for more information, including ways you and your church or neighborhood group can get involved in this important campaign.
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I didn't know the earned income credit helped that many people stay above the poverty line. It does provide refunds to many Americans who desperately need the tax refund this time of year. Thank you for the stats!
Posted by: Oster Bread Machine on January 29, 2010 at 06:51 PM