July 01, 2012 Tax Law

Pro Bono Professionals and the Earned Income Tax Credit

Kate Leifeld

The Earned Income Tax Credit (EITC) is one of the largest sources of welfare benefits in the United States. In our current economic climate, the EITC has become even more important as families are struggling harder to make ends meet. For tax year 2011, a taxpayer with three or more children can qualify for up to $5,751 in EITC benefits; a taxpayer with two children, for up to $5,112; a taxpayer with one child, for up to $3,094; and a taxpayer with no children, for up to $464. Unlike other welfare benefits, where the recipient must apply and be approved, taxpayers claim the EITC by filing a tax return.

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