Quick Hit Adam Doster Friday January 29th, 2010, 3:17pm

Celebrate EITC Awareness Day!

Did you know that January 29 is Earned Income Tax Credit Awareness Day? It's an occasion we're glad to celebrate. The EITC is the largest federal aid program targeted at the working poor, providing refundable credits to offset the tax burden households face. In an ideal world, Illinois lawmakers could honor EITC Day by pledging to raise the state's criminally low matching rate. The Land of Lincoln only matches 5 percent of the federal credit, meaning qualifying households -- a family of four making about $42,000 a year or less -- can at most claim $240 from the state. All but one other state have higher rates.  Read more on efforts to improve the Illinois EITC here and here.


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