Workers may get a larger tax refund this year because of the Earned Income Tax Credit (EITC). But to get it, you must file a tax return and claim it. Jan. 31, marks the 14th anniversary of EITC Awareness Day, a nationwide effort to increase awareness about EITC and Volunteer Income Tax Assistance (VITA), an IRS-supported free tax preparation program. EITC is 44 years old and is the largest government program targeted at benefiting low- and moderate-income workers.
Each year EITC refunds lift millions of Americans above the poverty line. Last year 25 million workers received more than $6 billion in EITC refunds. This includes the American Opportunity Tax Credit, the Child Tax Credit and the Additional Child Tax Credit. In 2018, 865,000 Pennsylvanians claimed the EITC credit and $2 billion went back into PA economy.