Earned Income Tax Credit
As described on the Internal
Revenue Service website, “the earned income credit (EIC) is
a tax credit for certain people who work and have earned income
less than:
- $11,490 ($12,490 if married filing jointly) if there is no qualifying
child
- $30,338 ($31,338 if married filing jointly) if there is one
qualifying child
- $34,458 ($35,458 if married filing jointly) if there is more
than one qualifying child."
You cannot be married
filing separately. A tax credit usually means more money in your
pocket. It reduces the amount of taxes you owe. The EIC may also give
you a refund.
We encourage eligible
families to take advantage of this tax credit opportunity. The credit
is an opportunity to increase your family’s budget to cover
your basic needs, your children’s school needs, or other important
items to benefit your family.
For more information about the EIC, visit
the or call 1-800-TAX-1040.
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