Community leaders from United Way of the National Capital Area, Citi Community Development and the District of Columbia Department of Insurance, Securities and Banking and local officials in D.C. gathered Friday to kick off “EITC Awareness Day.”
The event took place at the Petey Greene Community Service Center in Southeast.
The Earned Income Tax Credit, or EITC, is a tax credit for people who work and earn low to modest incomes. Those who qualify and claim the credit could pay less federal tax, pay no tax or even get a tax refund.
However, a national partnership effort that includes the local communities and the IRS, has been launched to increase awareness of refundable credits at the time most taxpayers are filing or getting ready to file their federal income tax returns.
For tax year 2018, while some 25 million people received about $63 billion in EITC, the average amount they received exceeded $2,400.