As reported by the salt lake tribune, The Internal Revenue Service on Monday launched its annual outreach campaign aimed at helping the millions of Americans who earned $49,078 or less take advantage of the Earned Income Tax Credit.
The agency also is spreading the word about free preparation assistance.
Unlike most deductions and credits, the EITC is refundable. In other words, those who are eligible may get a refund from the IRS even if they owe no tax.
People can find out if they qualify by visiting IRS.gov and answering a few questions using the EITC Assistant. In tax year 2010, almost 26.8 million eligible workers and families received more than $59.5 billion in EITC. The average EITC per individual last year was $2,200.