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Earned Income Tax Credit
Millions of tax credit dollars are not claimed by taxpayers each year. The Earned Income Tax Credit is one example of an unclaimed refund. By getting your taxes done for free at a Volunteer Income Tax Assistance (VITA) site, tax preparers will help you file for any tax credit that you qualify for.
What is EITC?
The Earned Income Tax Credit is a refundable federal income tax credit available to low-income families. The EITC has been credited with lifting more children out of poverty than any other single program. Families use the EITC to pay for necessities, repair homes and vehicles, boost their earning power by obtaining additional education or training, and save for the future.
Who qualifies for the EITC?
Working people who meet certain income requirements and file a tax return.
This year under the American Recovery and Reinvestment Act, EITC eligibily has expanded. Married families with 3 or more kids are now eligible for EITC and will see an average gain of $1,075.
| FOR TAX YEAR 2009 | Income Limit | Maximum Earned Income Tax Credit |
| If you do not have a qualifying child: | $13,440 if single $18,440 married filing jointly |
$457 |
| One qualifying child: | $35,463 if single $40,463 married filing jointly |
$3,043 |
| Two qualifying children: | $40,295 if single $45,295 married filing jointly |
$5,028 |
| Three or more qualifying children: | $43,279 if single $48,279 married filing jointly |
$5,657 |
Other Resources:
- Qualifying participants can visit MyFreeTaxes.com and work with tax specialists
to submit their taxes online and get questions
answered.
- To see if you are eligible to receive the EITC click here.
- For additional information on the EITC and other expanded credits through the American Recovery and Reinvestment Act click here.
- For information on taxpayer identification numbers (ITIN) click here. ITINs are issued by the IRS to individuals who are required to have a taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number.
