Community Action Program, Inc. of Western Indiana wants to make life a little easier for workers by alerting them about a special tax credit that can put money in their pockets.
Earned Income Tax Credit (EITC) is a tax benefit for working people and their families. It’s money workers can use for groceries, rent, utilities and other bills. We want workers who may qualify for EITC to have all the information they need to get the EITC and get it right.
The amount of EITC varies by income, family size and filing status. It can mean up to 506 dollars in EITC for people without a qualifying child, and up to $6,269 for those with three or more qualifying children. On average EITC adds 24 hundred dollars to refunds.
If you qualify for EITC, you must file a tax return, even if you have no tax to pay, to claim the credit. Workers should know you earned it, now file, claim it and get it.
With the exception of some who receive certain disability income, you must work for someone, or run your own business or farm to qualify for EITC. Workers who made less than $53,505 should see if they qualify for EITC using the EITC Assistant Tool.
Find out if you are eligible using the EITC Assistant; it’s available in both English and Spanish. The Assistant helps you:
Let the Assistant help you get it and get it right. EITC Assistant Tool
Also, if you make less than $54,000, you qualify for free tax return preparation through volunteer sites. IRS-certified volunteers prepare your tax return and find out if you qualify for EITC and other refundable credits. Community Action Program, Inc. of Western Indiana is a Volunteer Income Tax Assistance entity through our Covington office. Call Alice Young at 765-793-4881 to schedule an appointment and/or get additional information.
But, make sure you get the right amount of credit due you. If you have someone prepare your return, make sure to bring the following to your preparer: