Many workers with low-to-moderate income may be eligible for the Earned Income Tax Credit, also called EITC. To get the credit, you must meet some basic requirements, but if you qualify, it can mean a bigger refund. The amount of the credit you can get depends on your income and family size. Families with at least one qualifying child can get thousands of dollars with their tax refund. Even workers without a qualifying child may be eligible for the EITC. When claiming the credit on your tax return, the most important thing is to get everything right. Even basic errors can cause issues. For example, make sure you report your income correctly and that any child you claim meets all the qualifying rules. Using IRS Free File software to file electronically is a great way to file an accurate return – as the software asks you questions and walks you through the filing process…and it does all the math for you. Or you can get free tax preparation help at a volunteer site near you. If you use a paid tax professional… pick someone you trust to file an accurate return. The IRS begins issuing any refund claiming the EITC or the additional child tax credit in mid-February. Here are some links that can help you learn more… Go to IRS.gov/eitc to see if you're eligible for the tax credit IRS.gov/freefile has links to Free File software options irs.gov/vita has locator tools where you can find a site near you where volunteers will prepare your taxes for free. Finally, you can get tips for choosing a tax preparer at IRS.gov/chooseataxpro.
