If you earn a low to moderate income, the Earned Income Tax Credit (EITC) can help you by reducing the amount of tax you owe. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. If EITC reduces your tax to less than zero, you may get a refund.
Who Qualifies for EITC?
You qualify for EITC if:
- You have earned income and adjusted gross income within certain limits; AND
- You meet certain basic rules; AND
- Meet the rules for those without a qualifying child; OR
- Have a child who meets all the qualifying rules for you, or your spouse if you file a joint return.
The Internal Revenue Service (IRS) provides resources covering the Earned Income Tax Credit (EITC):
- Use the EITC Assistant to find out your filing status, if your child qualifies, if you are eligible, and the amount of credit you may receive.
- If you or your spouse is a nonresident alien, refer to Publication 519, U.S. Tax Guide for Aliens to find out if you qualify for EITC.