Tax News
Earned Income Tax Credit Can Put Money in Your Client’s Pocket

Your client could be eligible to get more money back from the IRS - as much as $5,751. If your clients earned less than $49,078 from wages, self-employment, or farming last year, they may qualify for the Earned Income Tax Credit (EITC).

EITC is a financial boost for working people in a recovering economy. Your clients may be among the millions who will qualify for the first time because their financial, marital, or parental status changed in 2011.

Eligibility is based on several factors, including the amount of earned and other types of income, or combined income if married, whether you have qualifying children and how many workers without children may also qualify.

Four of five eligible people claim and get their EITC. Use IRS's online EITC Assistant to see if your client qualifies. If so, file and claim the credit to get it.

Free help is available at volunteer income tax assistance sites. Locate a volunteer site by calling your community's 211 or 311 number for local services or call the IRS at 800.906.9887.

Back to January 2012 Tax News