Do you Quality?
What is the EITC?
The EITC is a refundable tax credit designed to offer a tax break for low- to moderate-income Americans. The credit would increase your tax refund or offset your tax due. Detailed tax tables can be found on the IRS website, along with other helpful resources. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables
Let Us Determine if you Qualify.
To qualify for the credit, you must:
Have worked and earned income under $57,414
Have investment income below $10,000 in the tax year 2021
Have a valid Social Security number by the due date of your 2021 return (including extensions)
Be a U.S. citizen or a resident alien all year
Not file Form 2555 (related to foreign earned income)
In 2021, to qualify for the EITC, you can use one of the following statuses:
Single
Head of household - if unmarried and maintained a home with qualifying child for more than half the year
Qualifying widow or widower
Married Filing Jointly
Married Filing Separate
COULD YOU GET A LARGER CREDIT!?
You can elect to use your 2019 earned income to figure your 2021 earned income credit (EIC) if your 2019 earned income is more than your 2021 earned income. Provide your tax preparer a copy of your 2019 tax return to verify your credit amount.
Important Links
IRS Earned Income Tax Credit (EITC) Central
EITC Qualification Assistant
Qualifications and Special Rules
Qualifying Child Rules
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