Information You Need for the Earned Income Tax Credit

[vc_row][vc_column][vc_column_text]The Earned Income Tax Credit can give qualifying workers with low-to-moderate income a significant financial boost. Aside from reducing the amount of tax someone owes,  it may also give them a refund even if they don’t owe any taxes or don’t need to file a return. People must meet certain requirements and file a federal tax return in order to receive this credit.

Who is eligible?

• A taxpayer’s eligibility for the credit may vary from year to year, so it’s a good idea for people to use the IRS’ EITC Assistgant to see if they qualify.
• Eligibility can be affected by major life changes such as:
• a new job or loss of a job.
• unemployment benefits.
• a change in income.
• a change in marital status.
• the birth or death of a child.
• a change in a spouse’s employment situation.

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