The Earned Income Tax Credit (EITC) is both a federal and a N.C. income tax credit that benefits low-and moderate-income working families. Each year, eligible N.C. workers and their families lose more than $200 million by failing to claim the EITC, money research shows would likely be spent locally on basic necessities.
EITC Carolinas works with an expanding network of free tax preparation programs through the IRS VITA (Volunteer Income Tax Assistance) program and The Benefit Bank® of North Carolina (TBB™-NC) to:
- Ensure that eligible workers and their families claim valuable tax credits
- Support community free tax preparation sites
- Encourage individuals and families to pay down debt and build savings at tax time
- Research state policies that support family economic stability