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February 9, 2012

6.5M people may have overlooked tax credit

  • The earned income tax credit is the federal government's largest benefit program for workers, but many don't know they may claim it.
    • By EILEEN AJ CONNELLY
    AP Personal Finance Writer

    NEW YORK — One out of five taxpayers eligible for a key tax credit don't claim it on their federal returns.

    More than 26 million workers received earned income tax credits averaging $2,240 last year — but roughly 6.5 million left potentially thousands of dollars on the table by skipping the credit.


     
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