The Earned Income Tax Credit (EITC) was signed into law in 1975, and the IRS is celebrating its 50th anniversary. According to the tax agency, “through numerous legislative changes, the tax break has helped encourage work and lift many financially challenged families out of poverty.” The IRS reports that as of Dec. 2024, approximately 23 million workers and families had received about $64 billion from the EITC. On average, eligible taxpayers received $2,743 from the refundable credit in tax year 2023. EITC eligibility can be affected by a change in marital, parental or financial status. Taxpayers can use the IRS EITC Assistant online tool to check their eligibility: https://bit.ly/40X40XK. Contact us with any questions. © 2025