OCC Promotes Earned Income Tax Credit Awareness Day — 2023-01-27

WASHINGTON—To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 27. The EITC is a refundable federal income tax credit for low- to moderate-income households. “The Earned Income Tax Credit is a valuable program that can help support working Americans in obtaining tax savings that can make a difference in their daily lives,” said Acting Comptroller of the Currency Michael J. Hsu. “The OCC encourages national banks and federal savings associations to educate members of their communities about the EITC and other tax credits and free tax assistance programs.” In 2021, about 25 million taxpayers received over $60 billion in EITCs, with an average tax credit amount of $2,411.