Did you know that one tax credit lifts 6.5 million people out of poverty? Our friends at PolicyLink threw together a great infographic sharing the ins and outs of the Earned Income Tax Credit. The inforgraphic is a great resource for those unfamiliar with this great anti-poverty tax credit!
The EITC is available to low-wage workers, and it’s most generous to low-wage workers with children. Childless workers over the age of 25 can claim a reduced EITC amount (on average 1/10th of those with children), while childless workers under 25 are completely ineligible for the EITC and receive nothing. There are several federal bills aimed at strengthening the EITC for childless, low-wage workers, and the infographic below helps make the case that it could be a good idea.