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The EITC is the largest, federal refundable tax credit for low to moderate-income workers.Congress enacted it in 1975, in part to offset social security taxes and provide an incentive to work.
Last year, 25 million eligible workers and families received about $61 billion in EITC. The average EITC amount was $2,504. The EITC is as much as $6,557 for a family with three or more children, for tax year 2019. There is a smaller EITC for those with fewer than three children or taxpayers who do not have a qualifying child. EITC can be the largest single payment a taxpayer receives during the year – it canequal a few months’ wages.
EITC and the refundable portion of the Child Tax Credit lift over 10 million people outof poverty annually – over half are children. Four out of five eligible taxpayers receive EITC. One in five eligible taxpayers are not receiving this valuable credit and possibly other credits, as well. Almost a third will become eligible for the first time on their 2019 tax return, due to changes in marital, parental or financial status.
Attend the next Los Angeles Veterans Collaborative (LAVC) meeting on Wednesday, February 12, 2020. The collective meeting will begin at 10 am, and it will take place at the Bob Hope Patriotic Hall. We have partnered with the Los Angeles County Department of Mental Health (DMH)to host this month’s meeting. This month we will host a panel presentation highlighting the discussions of the 2020 Military Research Summit led by Dr. Carl Castro the Director of theUSC Military and Veterans Programs. The topic this year is Moral Injury. We will examine, theory, measurement, and applications/implications. We will also have a special presentation by Dr. Barbara Van Dahlen, the Executive Director of the White House Task Force set to create the President’s Road-map to Empower Veterans and End a National Tragedy of Suicide (PREVENTS).
The Los Angeles Veterans Collaborative (LAVC) is a structured network of public, private, and government agencies from across multiple sectors working together to improve the lives of veterans, service members, and military families in Los Angeles County. Our mission is achieved by strategically coordinating and improving veteran access to services, reducing barriers to care, and influencing policy to improve the lives of veterans and their families.
Our Women Veterans Working Group consists of community outreach professionals, social workers, and policy advocates from veteran service organizations, public agencies, and community groups across Los Angeles County. This working group strives to develop strategies to ensure that the needs of female veterans are understood and met within the community.
Administered by USC Military and Veterans Programs, the Los Angeles Veterans Collaborative comprises community stakeholders and representatives from more than 300 organizations coordinating services and addressing the needs of veterans and military families in the Los Angeles area.