Ten Facts You Didn’t Know about the EITC

January 22, 2021

In 2018, the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) lifted more than 10.6 million people in working families above the poverty line, including 5.5 million children. The EITC alone lifted more than 5.6 million people out of poverty, including about 3 million children.

Two workers talk at a construction site.

Will getting the EITC or CTC lower government benefits?

Generally, no. In 2013, Congress enacted legislation that permanently excludes any federal tax refund from counting as income in determining eligibility or the amount of benefit, for any federally-funded public benefit program.

Six Ways the EITC Helps Kids in Schools

The Earned Income Tax Credit (EITC) is a refundable tax benefit for low- and moderate-income working families. Extra income from the EITC helps at every stage of life, including the school years.

Are Foster Parents Missing Out on the EITC?

May is National Foster Care Month. The foster care system provides full-time substitute care for children. In 2018, more than 437,283 foster children lived in group homes, emergency shelters, and residential homes.