September 10, 2008
September 10, 2008
The Franklin County EITC Coalition is a growing partnership of more than 31 groups that assist low and moderate-income families in receiving free tax preparation. Led by the United Way of Central Ohio, Columbus City Council, and the Franklin County Commissioners’ Office, the coalition specifically targets families and individuals that are eligible for the Earned Income Tax Credit (EITC). The EITC is the nation’s largest antipoverty tax program, lifting more than 5 million children above the poverty line each year. Based on a family’s income and size, the credit maxes out at $4,200 with an average in Ohio of $1,800. The chart below displays how the credit varies based on marital status, income, and number of children. The credit is primarily aimed at workers with children, but very low-income workers without children are eligible for a small credit of less than $500. ...
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