Tuesday, January 6, 2015

You work. Let EITC work for you!

For the last 40 years, Earned Income Tax Credit made life better for millions of workers. You may have extra money waiting for you. If you qualify and claim the credit, it could be worth $6,143 from the IRS for some workers.

Don’t be the one in five that misses this credit. If you or someone you know earned less than $52,427 from wages, running a business or farm or from Form 1099 Misc, check it out.

It’s easy to find out if you qualify. Use the EITC Assistant, available late January, and answer questions about yourself and other family members to see if you qualify and estimate the amount of your credit.

EITC eligibility depends on several factors, including income and family size. If you don’t have a qualifying child and earned under $20,000, find out if you qualify for a smaller credit, worth as much as $496.

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