EARNED INCOME CREDIT TABLE C AL C ULATING THE EI C C REDIT EARNED INCOME TAX CREDIT
EITC is a credit that is for low to moderate-income taxpayers to get ahead and have more money in their pockets.
DETERMINE YOUR CREDIT AMOUNT To determine your credit amount all you have to do is enter your information into tax software and it will automatically calculate the amount you will receive.
QUALIFY FOR THE EITC You can qualify for the EITC and get a refund. This is a refundable credit, however, in order to receive it you have to file even if you are not required to file.
PAY AFFECT MY CREDIT
If you have received military combat pay, you do not have to disclose this information. Usually, this income does not affect your taxable income.
WHO QUALIFIES FOR THE EITC In order to qualify for the EITC you have to meet the income criteria’s for the current year. However, you, your spouse, and children can qualify as long as you all have social security numbers and you should be working for yourself or as an employee.
www.filemytaxesonline.org/earned-income-creditamount-qualify www.sbwire.com/press-releases/earned-incomecredit-table-now-posted-at-filemytaxesonlineorg743405.htm