If you worked and earned under $50,000, find out if you are eligible to take advantage of the Earned Income Tax Credit (EITC). This refundable federal income tax credit is for people with low-to-moderate income.
Nationally, four out of five eligible workers claim and receive their EIT credit.
During the 2011 tax year, over 27 million Americans received $62 billion through the EITC. It is estimated that the EITC lifted 6.6 million people out of poverty, including 3.3 million children.
There were 79,000 EITC claims in Rhode Island valued at $171 million, during the 2011 tax year. The average EITC amount was $2,147. To see a state-by-state breakdown, click here.
To learn more about the EITC, click here.