The EITC benefit helps working families keep more of the money they earned with some families eligible for thousands of dollars in tax benefits
ATLANTA, April 8, 2014 /PRNewswire-USNewswire/ -- Operation HOPE (HOPE), the leading global financial dignity nonprofit and Civil Rights Leader and Operation HOPE Global Spokesman Ambassador Andrew Young, are encouraging working families to take advantage of the Earned Income Tax Credit (EITC) benefit as the conclusion of tax season nears.
The EITC is a refundable tax credit for low to moderate income working individuals and couples with children. The specific benefit available to a family varies and is dependent upon the family's total income and number of children. Not only can the EITC reduce the amount of tax you owe, but it may also give you a refund, which is more money in the pocket of working and middle-class American families.