$250 Million in Miss. EITCs Left on the Tableon February 9th, 2011 at 12:14 am
The Earned Income Tax Credit – worth up to $5,866 in 2011 – provides an important source of income for more than $26 million Americans. In 2009, Mississippi led the nation with an average credit of $2,586 per filer. But about 20% of eligible persons do not file, which means that Mississippians are leaving $250 million on the table every year. Similar problems exist for other programs, including food stamps, Hope and Lifetime Learner credits, and the Child and Dependent Care Tax Credit. Check out the IRS’s EITC Central or interactive EITC data on Brookings’ site.