The Earned Income Tax Credit, or EITC, is a refundable tax credit designed to reduce the taxes payed by low-to-moderate income workers. There is both a federal EITC and a Michigan EITC, which is currently 6% of the federal credit. As a proven anti-poverty tool, the EITC promotes work, reduces reliance on public assistance and, when combined with other credits like the Child Tax Credit and free tax assistance, helps families become more self-sufficient.

For more on the EITC, check out the following links and Articles:

EITC numbers and information on free tax assistance programs
http://michiganfreetaxhelp.org/what-is-the-eitc/

Michigan League for Public Policy Michigan EITC Page
http://www.mlpp.org/our-work/eitc

Tax Credits for Working Families
http://www.taxcreditsforworkersandfamilies.org/federal-tax-credits/earned-income-tax-credit/

EITC, CTC Together Lifted 9.8 Million out of Poverty in 2015
https://www.cbpp.org/blog/eitc-ctc-together-lifted-98-million-out-of-poverty-in-2015

State EITCs Narrow the Gap Between Rich and Poor
https://www.cbpp.org/blog/state-eitcs-narrow-the-gap-between-rich-and-poor

EITC: Enhancing Health and Wealth
https://prosperitynow.org/blog/eitc-enhancing-health-and-wealth

 

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