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Texas Left Nearly $1.2 Billion in Tax Credits on the Table Last Year: Now’s the Time for Low-Income Families to Claim EITC

  

Author:
Lynsey Kluever /(512) 320-0222 x 112

February 7, 2006

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In Texas, approximately $1.2 billon dollars of tax credits went unclaimed last year in the form of the Earned Income Tax Credit (EITC). EITC is one of the nation’s most successful anti-poverty programs, helping low-income workers and families earning up to $38,000 receive a rebate of federal income taxes. In 2003, EITC lifted 440,000 Texans, including 240,000 children, out of poverty while pumping billions of dollars into the economy.