Earned Income Tax Credit Awareness Day for the year 2024 is celebrated/observed on Saturday, January 28th. There are until the next observance.

This year, Earned Income Tax Credit Awareness Day occurs on January 28, and we are all enthused about its potential to help us with our money. Did you realize that taxes have been around for thousands of years? According to the “Bible,” even Jesus paid taxes. A tax credit that comes in time to help pull households out of a financial bind is extremely crucial for operating any country.

📆 When is Earned Income Tax Credit Awareness Day?

This year, Earned Income Tax Credit Awareness Day is on January 28th. It is the 4th Saturday in January; in 2024, it is on Sunday.

Countdown to Earned Income Tax Credit Awareness Day

Did you know: In the past, taxes were paid with work, cattle, farm products, or a share of whatever else the taxpayer did to make a living.

You can also learn all interesting things you didn’t know about and facts about January 28, 2023.

📜 History of Earned Income Tax Credit Awareness Day

Around 3000 B.C., Egypt had the earliest historical evidence of an organized revenue system. There is evidence of this in various historical texts, including the book of Genesis, where Pharaoh is supposed to have sent out commissioners to collect one-fifth of every grain crop as a tax. Since then, taxation has grown to include individual income tax, corporate income tax, property tax, sales tax, payroll tax, capital gains tax, and other levies.

A tax credit is a considerably more contemporary concept that emerged in the latter half of the twentieth century as a way to make life easier for impoverished families with numerous dependents by lowering their tax payments. It has since undergone several forms and revisions till the present day.

The Earned Income Tax Credit is a government program designed to supplement the income of low-income working-class people. In the United States, it is for people earning less than $56,000 per year. These beneficiaries’ taxes are reduced based on their income, marital status, and number of dependents. This effort is the government’s means of lowering the poverty rate while raising people’s standards of living and quality of life by allowing low-income earners to keep more of their earnings to supplement their finances.

☑️ Earned Income Tax Credit Awareness Day facts

Einstein didn’t understand tax
According to the renowned scientist, “the hardest thing to understand in the world is the income tax.”

Whistleblowers make money from tax
When whistleblowers offer information on those who avoid taxes, the Internal Revenue Service (IRS) in the United States rewards them up to 30% of the money obtained from taxes, penalties, and interest.

Tax on crime
Money generated unlawfully is taxed, and sellers of narcotics and illicit substances buy and utilize tax stamps affixed to their containers to avoid paying it and moving their wares.

Things to do on Earned Income Tax Credit Awareness Day

Share on social media
Distribute posters, hashtags, and information on the Earned Income Tax Credit so that others can benefit from the effort as well. There are several photographs of the day on the internet that you may republish.

Educate others
This is a chance to educate people on the processes and regulations and how to profit from them. People and groups can easily get their hands on flyers, movies, and a wide range of other tools.

Claim your benefits
According to the Internal Revenue Service and the United States Census Bureau, only around 80% of employees who are eligible for the benefit claim it. If you satisfy the requirements for the Earned Income Tax Credit, now is the time to start planning to claim it to help with your finances.

📅 Earned Income Tax Credit Awareness Day Observances

YEAR DATE DAY
2024 January 28 Sunday
2025 January 28 Tuesday
2026 January 28 Wednesday
2027 January 28 Thursday
2028 January 28 Friday

Learn all January holidays, including Special Interest and other Awareness holidays.

We will continue to update this page with new information and cool facts about Earned Income Tax Credit Awareness Day. So be sure to check back soon.