January 26, 2024 2:50 a.m.
Friday is Earned Income Tax Credit Awareness Day, and the Oregon Department of Revenue is encouraging all workers with income in 2023 to check their Earned Income Tax Credit eligibility.
An ODR release said their agency is working with the Oregon Department of Human Services and other state agencies and community partners to encourage taxpayers to learn more about this credit and to find out if they are eligible. One in three Oregon taxpayers eligible to claim the federal Earned Income Tax Credit are not doing so, adding up to an estimated $100 million in unclaimed credits.
The EITC is a federal tax credit for people making up to $63,398 in 2023. Families may be eligible for a maximum refundable credit of $7,430 on their federal tax return and also a maximum of $891 on their state tax return. Certain taxpayers without children may also be eligible for these credits.
For complete information on eligibility, go to: https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

