IRS - Earned Income Credit


You may qualify for the earned income tax credit if you worked last year but earned a low or moderate income. Earned income tax credit is a refundable tax credit, which means that you can receive a refund if the credit exceeds your tax liability. To qualify for the credit your adjusted gross income must be below a certain amount. You must have a social security number valid for employment. You must have a filing status other than married filing separately. You must be U.S. citizen or resident alien all year, or a nonresident alien married to a U.S. citizen or resident alien and filing a joint return. You must not file Form 2555  or Form 2555-EZ  (related to foreign earned income). You must not have investment income over $3,400. You must haveearned income from employment or from self-employment. You must not be a qualifying child of another person . You must  have a qualifying child who meets the age, relationship, residency, and joint return tests, and is not treated as the qualifying child of another person. If you do not have a qualifying child, you must be of age 25 but under 65 at the end of the year and not qualify as a dependent of another person, and live in the United States for more than half of the year. If you qualify for the credit, the amount of your EITC will depend on your filing status, whether you have a qualifying child, and if so, how many, and the amount of your wages and income last year. Consider checking Earned income tax credit Assistant Interview, on IRS Website to estimate the amount of your credit