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  1. Sep 30, 2024 · The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund. Did you receive a letter from the IRS about the EITC? Find out what to do. Who qualifies. You may claim the EITC if your income is low- to ...

  2. Mar 2, 2022 · Español. IR-2022-46, March 2, 2022. WASHINGTON — The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Earned Income Tax Credit to educate eligible taxpayers on how to properly claim the credit when they prepare and file their 2021 tax return. The Earned Income Tax Credit (EITC) helps low- to moderate ...

  3. Aug 26, 2024 · Determine what counts as earned income for the Earned Income Tax Credit (EITC). Use EITC tables to find the maximum credit amounts you can claim for the credit. To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years.

  4. 4 days ago · Key Takeaways. If you earned less than $63,398 (if Married Filing Jointly) or $56,838 (if filing as an individual, surviving spouse or Head of Household) in tax year 2023, you may qualify for the Earned Income Credit (EIC). These amounts increase to $66,819 and $59,899, respectively, for 2024. If you received more than $11,000 in investment ...

  5. You may be eligible for a California Earned Income Tax Credit (CalEITC) up to $3,529 for tax year 2023 as a working family or individual earning up to $30,950 per year. You must claim the credit on the 2023 FTB 3514 form, California Earned Income Tax Credit, or if you e-file follow your software’s instructions.

  6. Excluded Foreign earned income. This refers to income you earned outside the United States, District of Columbia, or U.S. possessions or territories which you have elected to exclude on a Form 2555, Foreign Earned Income.

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  8. Nov 27, 2023 · For tax year 2023—meaning the return you file in 2024 —you may qualify for the credit if your income is less than about $63,400. Eligible workers with dependents may see a boost in their EITC ...