{"id":71611,"date":"2025-03-28T16:34:15","date_gmt":"2025-03-28T23:34:15","guid":{"rendered":"https:\/\/lapost.us\/?p=71611"},"modified":"2025-03-28T16:34:15","modified_gmt":"2025-03-28T23:34:15","slug":"earned-income-tax-credit-celebrates-50-years-of-helping-working-families","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=71611","title":{"rendered":"Earned Income Tax Credit celebrates 50 years of helping working families"},"content":{"rendered":"<p>IR-2025-38, <strong>March 28, 2025,\u00a0WASHINGTON<\/strong> &#8211; The Earned Income Tax Credit (EITC) has played a crucial role in helping millions of low-to-moderate income workers out of poverty. Saturday, March 29, 2025, marks the <a href=\"https:\/\/www.eitc.irs.gov\/eitc-central\/50-years-of-earned-income-tax-credit\">50<sup>th<\/sup> anniversary<\/a> of this important credit.<\/p>\n<p>&nbsp;<\/p>\n<p>A component of the Tax Reduction Act, EITC was signed into law by President Gerald Ford on March 29, 1975. What began as a modest means to provide financial help to working families has evolved through a series of legislative changes into one of the federal government\u2019s largest anti-poverty programs.<\/p>\n<p>&nbsp;<\/p>\n<p>Over the past 50 years, the EITC has had a significant impact in the lives of eligible taxpayers claiming the credit. As of Dec. 2024, approximately 23 million workers and families received about <a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/earned-income-tax-credit\/earned-income-tax-credit-statistics\">$64 billion<\/a> from EITC.<\/p>\n<p>&nbsp;<\/p>\n<p>In 1975, the maximum credit amount for EITC was $400. For tax year 2024, the EITC can be up to $7,830. Today, the EITC continues to provide financial assistance to low-to-moderate income working families and individuals, with or without children, by helping them cover essentials, save for the future and build financial stability.<\/p>\n<p>&nbsp;<\/p>\n<p>Taxpayers can use the <a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/earned-income-tax-credit\/use-the-eitc-assistant\">EITC Assistant<\/a> to determine their eligibility. Those that are eligible can learn <a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/earned-income-tax-credit\/how-to-claim-the-earned-income-tax-credit-eitc\">how to claim the credit on IRS.gov<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IR-2025-38, March 28, 2025,\u00a0WASHINGTON &#8211; The&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7],"tags":[],"class_list":["post-71611","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/71611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71611"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/71611\/revisions"}],"predecessor-version":[{"id":71612,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/71611\/revisions\/71612"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}