The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the release explains. The IRS estimates that about 23 million eligible workers and families received about $57 billion in EITC nationwide when filing for 2023.

The IRS will soon distribute $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax return.

Earlier this month, the agency launched the IRS Free File Guided Tax Software, which allows millions of Americans to file their taxes for free. However, returns could not be accepted until today. The free file service is available to taxpayers with an Adjusted Gross Income (AGI) of $84,