Money Matters

Earned Income Tax Credit

In 2013, more than 27 million Americans received more than $63 billion in refunds from the Earned Income Tax Credit (EITC). Find out what the average EITC refund was in your state.

What is Earned Income Tax Credit?

Earned Income Tax Credit (EITC) is a benefit for working people who have low- to moderate-income. A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund. EITC is also called EIC or Earned Income Credit. Find out if you qualify for EITC.

Money Matters

For the third year in a row, Citi has developed Money Matters, a free publication available in both English and Spanish designed to help you learn more about the Earned Income Tax Credit. This document has been customized for a number of states across the country. Browse the links below to access the individual editions of Money Matters.

The Money Matters publication is designed to enable hard-working taxpayers to take advantage of the tax benefits that are available to them, and provides information on savings, claiming the EITC, and connecting with local organizations. Most importantly, Money Matters provides lists of local Volunteer Income Tax Assistance (VITA) sites, where IRS-certified volunteers provide free assistance with preparing and filing tax returns.

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EITC Perspectives

"VITA and EITC are critical services that empower the hard working families of Bridgeport to receive all of the tax refunds that they've earned. The money earned from these tax refunds gives our residents much needed assistance with bills, groceries, school supplies, and other expenses. I am urging all residents who qualify to please take advantage of these programs." - Bridgeport Mayor Bill Finch
"The EITC not only reduces poverty and bolsters financial stability, the working tax credit also provides an opportunity for families to build assets." - Don Baylor, Jr., Senior Policy Analyst & Director of Opportunity Texas, Center for Public Policy Priorities
"The EITC is one of the most effective policy tools for lifting American families out of poverty. In the District of Columbia, the EITC puts money back into the pockets of working individuals and families, strengthens neighborhood businesses and boosts the local economy." - Richard Petersen, Executive Director, Capital Area Asset Builders