If you’re like millions of Americans, you work hard but you don’t earn a high income and want to keep more of what you earn. The Earned Income Tax Credit also called EITC or more simply EIC is a credit for people who earn low-to-moderate incomes. EITC can reduce your taxes, and can mean a refund. In simple terms, working families and individuals keep more of what they earn.
Do You Qualify for EITC?
To qualify for Earned Income Tax Credit or EITC, you must have earned income from employment, self-employment or another source and meet certain rules. In addition, you must either meet the additional rules for Workers without a Qualifying Child or have a child that meets all the Qualifying Child Rules for you.
There are numerous rules and regulations that apply when using this credit. Let the tax professionals at Dalrymple Crain check your qualifications, explain the rules and file your return. We make sure it’s done right.
