OCC Promotes 2024 Earned Income Tax Credit Awareness Day — 2024-01-26

WASHINGTON—To increase the awareness of eligible working families about the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency joins stakeholders across the country in promoting January 26 as EITC Awareness Day. The EITC is a refundable federal income tax credit for low- to moderate-income households. Changes in marital, parental, and financial status may qualify millions of workers for EITC for the first time. "The OCC urges the banks we supervise to educate their customers and community members on the Earned Income Tax Credit to improve financial health," said Acting Comptroller of the Currency Michael J. Hsu. "Receiving a tax refund can help build wealth and improve financial security. When banks look out for their customers, it helps build trust between consumers and banks and strengthens the U.S.