National Disability Institute Celebrates Earned Income Tax Credit Awareness Day 2023
The Earned Income Tax Credit (EITC) can be a pathway out of poverty for millions of American taxpayers, yet one in five taxpayers who qualify for the credit do not claim it.
Help National Disability Institute (NDI) celebrate Earned Income Tax Credit Awareness Day 2023 and the financial boost the credit may provide to workers, families and communities, including people with disabilities. Spread the word about the EITC on the 17th annual #EITCAwarenessDay!
The EITC is designed to help low-to-moderate-income (LMI) workers and families get a tax break that can reduce taxes owed. The credit can improve quality of life by increasing refunds and helping with rent or mortgage payments, grocery bills and/or medical needs. People with disabilities should explore how disability payments can qualify as earned income when claiming the EITC. Learn more about disability insurance payments, retirement benefits and earned income rules on the Disability and the Earned Income Tax Credit (EITC) page at IRS.gov.
People with disabilities often worry that tax credits like the EITC will endanger their Medicaid eligibility or impact their public benefits. However, filing a tax return and claiming the EITC will not affect eligibility for benefits like SNAP, Supplemental Security Income (SSI), Medicaid, cash assistance or public housing. To claim the EITC, you must meet certain requirements and file a tax return with the IRS, even if you do not owe any tax or are not required to file. Checking if you or the people you serve are eligible has never been easier. Use the IRS.gov EITC Assistant to learn about qualifying without having to provide personally identifiable information such as your name, address, bank account or Social Security numbers.
The credit is for workers whose income did not exceed the following limits in 2022:
- $53,057 ($59,187 married filing jointly) with three or more qualifying children
- $49,399 ($55,229 married filing jointly) with two qualifying children
- $43,492 ($49,622 married filing jointly) with one qualifying child
- $16,480 ($22,610 married filing jointly) with no qualifying children
The EITC can serve as a long-term economic stimulus program and has made a difference in the lives of countless people with and without disabilities. NDI continues its commitment to the financial education and empowerment of people with disabilities. For more information on free tax preparation and other helpful resources, please visit the NDI Tax webpages. Join us in educating others by pushing out information about the EITC to your networks and constituents. Spread the word on social media by sharing graphics and facts about the credit using the hashtags #EITC and #EITCAwarenessDay.