Do you qualify for the Earned Income Tax Credit???
Millions of people miss out on this valuable credit each year because they aren't aware that they are eligible for it. The EITC is essentially a anti-proverty credit and it is aimed at people who earned $53,505 or less last year. Two groups of people who commonly overlook this credit are those who are self-employed and farmers.
The IRS recommends that those who earned around $54,000 or less learn about EITC eligibility and use the EITC Assistant to find out if they qualify. The tool will help them determine their filing status, if they have a qualifying child or children, if they qualify to receive the EITC and estimate the amount of the credit they could get. If an individual doesn’t qualify for EITC, the Assistant explains why. A summary of the results can be printed and kept with tax papers.
The IRS reminds taxpayers to be sure they have valid Social Security numbers in hand for themselves, as well as for each qualifying child, before they file their return. Moreover, to get the EITC on a 2016 return, they must get these SSNs before the tax-filing deadline (April 18, 2017, for most people or Oct. 16, 2017, for those who get extensions).
To find out if you qualify for the EITC - use the EITC Assistant which can be found via the "Learn More" button below.