LGBT Communities and the EITC

idea_bulbThe Earned Income Tax Credit, or EITC, can be modified to specifically help lesbian, gay, bisexual, and transgender, or LGBT, people, a disproportionate number of whom are living in poverty. The EITC is one of the nation’s most effective tools for reducing poverty. In 2013, the EITC lifted 6.5 million people out of poverty by providing an average credit of around $2,400. This fact sheet explains the EITC and discusses how proposed modifications to improve its effectiveness can help the LGBT community.

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