You may be able to receive up to $4,716 of your money if you earned less than $39,783 and qualify for the EITC refund.

 

The Earned Income Tax Credit (EITC) is a federal tax credit for qualified low-income workers that have a valid Social Security number. This is a refund of your money. Eligibility is based on your income and the number of children you have at home. This may include biological, foster, permanently and totally disabled, step, and adopted children. Even if you did not make enough to require filling out a tax return, you may still be able to receive the refund.

 

How Much Money Are We Talking About?

Single or married people who worked full time or part time at some point in 2007 can claim EITC, depending on their income.

• Up tp  $4,716 if you have two or more qualified children and had a family income of less than $39,783 ($37,783 for a single-parent household).
  
  
• Up to $2,853 if you have one qualified child and had a family income of less than approximately $35,241 ($33,241 for a single-parent household).
  
  
• Up to $428 if you have no qualified children and earn less than approximately $14,590 ($12,590 for single individuals).

Retroactive EITC

If you qualified for EITC in previous years but didnt' file or claim the credit, you can still file or amend incorrectly filed tax returns for the previous three years to claim a refund.

 

Advance Earned Income Tax Credit (AEITC)

Qualified families with at least one qualifying child living with them may recieve up to $145 per month in advance as extra money in their paycheck. All you have to do is file an IRS form W-5 with your employer. Call 211 for more details. 

 

Other Employer Tax Credits

A special effort is being made to encourage employers to provide AEITC to their employees and to learn about other tax credits and benefits that are available through local government. For information on other employer tax credits, click here.

Want More Information?
The 2007 EITC ASSISTANT will help you determine if you are eligible for the EITC.