At least one in five workers eligible for the Earned Income Tax Credit will leave that money on the table this tax season, and Congress is looking to accountants and other tax professionals to help address the problem.During hearings before the House Ways and Means Oversight Subcommittee, congressional leaders said that while 22 million low-income families and individuals claimed EITC wage subsidies last year, millions more who are eligible for the tax credits don't receive them.
"An estimated 20 to 25 percent of eligible workers fail to claim the Earned Income Tax Credit each year," subcommittee chair John Lewis, D-Ga., said in announcing the hearings. He called on volunteer organizations representing accounting firms and other businesses to help make low-wage workers aware of these income subsidies.
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