Facts About the Earned Income Tax Credit
In tax year 2004, more than 18,500 Dayton families filed for the EITC and received $36.1 million in tax credits and refunds.
Studies have shown that more than four million people nationally — more than half of them children — were lifted out of poverty in 1999 by the EITC.
A national study reported that only about 80 percent of eligible families claim their Earned Income Tax Credit.
Workers raising children can receive EITC "advance payments" in their paychecks.
For families that earned more than $11,750 in 2007, the Child Tax Credit is worth up to $1,000 per child under age 17 at the end of 2007. Eligibility rules are different from the EITC rules.
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