Each year, Michigan loses up to $70 million in uncollected Earned Income Tax Credit money. Neither the state, nor qualifying residents, can afford not to claim this federal income tax credit any longer.
As you prepare your tax forms this year, don't forget that EITC is available to bring valuable income into the pockets of those who can use it the most.
EITC is a federal income tax credit available to those participating in the workforce and is considered one of the nation's largest and most effective federal aid program. Eligibility is based on income level, marital status and number of dependent children. Qualified recipients could receive up to $4,500. While there are numerous tax credit options for the wealthy, the EITC is the only tax credit available to the nation's working class citizens.
