LeadingAge has compiled a toolkit for aging services providers on the Earned Income Tax Credit. Providers can help educate staff on the Earned Income Tax Credit and put more money in their pockets! Changes Congress made last year to the Earned Income Tax Credit make it more valuable than ever to workers with relatively low earnings. Aging services staff who qualify for the Earned Income Tax Credit should not leave these checks unclaimed. Aging services providers can help educate staff about this potentially valuable tax benefit. If your eligible staff aren’t claiming it, they are leaving money on the table. For example, the estimated Earned Income Tax Credit for a single person with no children and earnings of $17,000 is $674; for a single person with two children and earnings of $30,000 it is $3,768; and for a married couple with one child and earnings totaling $40,000 it is $1,292. The tool kit includes quick facts on the EITC, an EITC calculator, links to basic and detailed EITC overviews, including from the Internal Revenue Service, as well as a short YouTube video, and flyers to help raise awareness among staff. Access the toolkit here.
