The IRS urges Native American taxpayers to check if they qualify for the
earned income tax credit since many workers in Tribal communities often
overlook this credit.
EITC benefits Native Americans who meet basic rules. Taxpayers must have
income from a job, be self-employed, or run their own business. This includes
home-based businesses and work in the service industry, construction and
farming.
Income Limits and
Maximum Credit Amounts
For tax year 2017, the income limits for all taxpayers’ earned
income and adjusted gross income must each be less than:
|
Filing Status
|
Qualifying Children Claimed
|
|||
|
Zero
|
One
|
Two
|
Three or More
|
|
|
Single
|
$15,010
|
$39,617
|
$45,007
|
$48,340
|
|
Head of Household
|
$15,010
|
$39,617
|
$45,007
|
$48,340
|
|
Qualifying Widow(er) with
Dependent Child
|
$15,010
|
$39,617
|
$45,007
|
$48,340
|
|
Married Filing Jointly
|
$20,600
|
$45,207
|
$50,957
|
$53,930
|
The maximum credit for Tax Year 2017 is:
- $6,318 with three or more qualifying children
- $5,616 with two qualifying children
- $3,400 with one qualifying child
- $510 with no qualifying children
By law, the IRS cannot issue refunds before mid-February for tax returns
that claim the EITC or the additional child tax credit. The law requires the
IRS to hold the entire refund — even the portion not associated with the EITC
or ACTC. The IRS expects the earliest EITC/ACTC related refunds to be available
in taxpayer bank accounts or on debit cards starting Feb. 27, 2018, if these
taxpayers choose direct deposit and there are no other issues with their tax
return.
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