Attention Washingtonians: Don't Leave Almost $9,000 of Your Money on the Table!
The Earned Income Tax Credit (EITC) is a tax benefit for working people who earn lower or moderate incomes. The credit offsets taxes, supplements very low wages, and encourages work.
Income and family size determine the amount of the Earned Income Tax Credit (EITC). The income amounts and the amount of EITC are adjusted for inflation each year.
The following table summarizes the income limits and range of EITC for Tax Year 2017.
|
Number of Qualifying Children |
For Single/Head of Household or Qualifying Widow(er), Income Must be Less Than |
For Married Filing Jointly, Income Must be Less Than |
Range of Federal EITC |
|
No Child |
$15,010 |
$20,600 |
$2 to $510 |
|
One Child |
$39,617 |
$45,207 |
$9 to $3,400 |
|
Two Children |
$45,007 |
$50,597 |
$10 to $5,616 |
|
Three or More Children |
$48,340 |
$53,930 |
$11 to $6,318 |
If you qualify for the Federal EITC, and meet eligibility criteria, you could receive an additional 40% tax credit from the DC EITC.
About the DC EITC Campaign
The CAAB-managed DC EITC Campaign, is a citywide, cross-sector initiative that provides access to information on the EITC and connects Washingtonians with free tax preparation services throughout the District.
The DC EITC Campaign is made possible through the support from the Government of the District of Columbia, Citi Community Development and United Way of the National Capital Area.
About Capital Area Asset Builders
Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.
Connect with CAAB via our social media platforms:
- Twitter: @CAAB_GreaterDC
- Facebook: https://www.facebook.com/CapitalAreaAssetBuilders
- LinkedIn: https://www.linkedin.com/company/capital-area-asset-builders
