What is the Earned Income Tax Credit (EITC) and am I eligible?
The Earned Income Tax Credit (EITC) is applicable to low-income workers who may or may not have a qualifying child, or children, living with them. If you can take the EITC, then it is subtracted from the tax owed. The credit can be refunded even if you don’t owe any tax. If you have a qualifying child and your earned income and adjusted gross income (AGI) are each less than $33,241 ($35,241 if filing Married Filing Jointly), then you could be eligible for a maximum credit of $2,853. The maximum credit is $4,716 if you have more than one qualifying child and your earned income and your AGI are both less than $37,783 ($39,783 if Married Filing Jointly). You may still qualify for a maximum credit of $428 if you do not have children and your income is less than $12,590 ($14,590 if Married Filing Jointly). Ask your Dorsey Tax Service tax preparer for more information.
The Earned Income Tax Credit (EITC) is applicable to low-income workers who may or may not have a qualifying child, or children, living with them. If you can take the EITC, then it is subtracted from the tax owed. The credit can be refunded even if you don’t owe any tax. If you have a qualifying child and your earned income and adjusted gross income (AGI) are each less than $33,241 ($35,241 if filing Married Filing Jointly), then you could be eligible for a maximum credit of $2,853. The maximum credit is $4,716 if you have more than one qualifying child and your earned income and your AGI are both less than $37,783 ($39,783 if Married Filing Jointly). You may still qualify for a maximum credit of $428 if you do not have children and your income is less than $12,590 ($14,590 if Married Filing Jointly).
The Earned Income Tax Credit (EITC) is applicable to low-income workers who may or may not have a qualifying child, or children, living with them. If you can take the EITC, then it is subtracted from the tax owed. The credit can be refunded even if you don’t owe any tax. If you have a qualifying child and your earned income and adjusted gross income (AGI) are each less than $33,241 ($35,241 if filing Married Filing Jointly), then you could be eligible for a maximum credit of $2,853. The maximum credit is $4,716 if you have more than one qualifying child and your earned income and your AGI are both less than $37,783 ($39,783 if Married Filing Jointly). You may still qualify for a maximum credit of $428 if you do not have children and your income is less than $12,590 ($14,590 if Married Filing Jointly). Ask your Taxes 4U tax preparer for more information.
The Earned Income Tax Credit (EITC) is applicable to low-income workers who may or may not have a qualifying child, or children, living with them. If you can take the EITC, then it is subtracted from the tax owed. The credit can be refunded even if you don’t owe any tax. If you have a qualifying child and your earned income and adjusted gross income (AGI) are each less than $32,001 ($34,001 if filing Married Filing Jointly), then you could be eligible for a maximum credit of $2,747. The maximum credit is $4,536 if you have more than one qualifying child and your earned income and your AGI are both less than $36,348 ($38,348 if Married Filing Jointly). Ask your DITA tax preparer for more information.
The Earned Income Tax Credit (EITC) is applicable to low-income workers who may or may not have a qualifying child, or children, living with them. If you can take the EITC, then it is subtracted from the tax owed. The credit can be refunded even if you don’t owe any tax. If you have a qualifying child and your earned income and adjusted gross income (AGI) are each less than $33,241 ($35,241 if filing Married Filing Jointly), then you could be eligible for a maximum credit of $2,853. The maximum credit is $4,716 if you have more than one qualifying child and your earned income and your AGI are both less than $37,783 ($39,783 if Married Filing Jointly). You may still qualify for a maximum credit of $428 if you do not have children and your income is less than $12,590 ($14,590 if Married Filing Jointly). Ask your Jackson Hewitt tax preparer for more information.
