The importance of filing for the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) encourages work and reduces poverty by rewarding low- and moderate-income working families at tax time. Low-wage workers may receive the EITC even though they owe no tax or are not required to file. When the EITC amount exceeds their tax liability, the Internal Revenue Service (IRS) will still refund the balance.
Year of publication: |
2013
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Institutions: | Community Affairs Office |
Published in: |
e-Perspectives. - Federal Reserve Bank of Dallas. - 2013, 1, 1
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Publisher: |
Federal Reserve Bank of Dallas |
Saved in:
freely available
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