Webinar
WIP CEU Webinar Series: The Earned Income Tax Credit (EITC): When the Government Pays You Extra to Work
$20
The Earned Income Tax Credit (EITC) is by far the most widely used and well-known work incentive in the nation…and yet relatively few people recognize it as a work incentive. Designed to encourage paid work by people with low to moderate incomes, the EITC magnifies the impact of earnings by supplementing them with a larger tax refund. An EITC refund is often much larger than all the taxes the person would otherwise owe. Work Incentives Practitioners need to understand this powerful tool to help beneficiaries get farther ahead by working.
This session describes the impact of the EITC. It explains the (very minimal) impact of the EITC on public benefits. Participants will learn to easily evaluate when beneficiaries may qualify for the EITC through case studies, and how to refer people for free tax preparation so they can claim the credit. Finally, the webinar covers 6 key points about the EITC – including how it can be used for asset development and to show some people who work “under the table” that they’d be better off financially if they worked legally.