Earned Income Tax Credit

As April 15th, tax day, approaches, are you filled with dread? Are you thinking that you don’t have enough money to meet your family’s need, so how can you meet your tax obligation? Things may be better that you think. If you are a low income working family or individual, you may qualify for a tax refund, even if you don’t make enough to pay taxes. The federal government may give you free money!!

The government may reduce your tax obligation or even pay you money if you qualify for the Earned Income Credit. If you made less than a certain amount of money in a given year, you may qualify for this tax credit. If you have children you may qualify for even more. Even if you don’t make enough to file a tax return, you may still qualify for the earned income tax credit and get a refund.

You may qualify for up to $4,400, if you are..

single and earned less than $11,750 single with one child and earned less than $31,030 single with 2 or more children and earned less than $35,263 married and earned less than $13,750 married with one child and earned less than $33.030 married with 2 or more children and earned less than $37,263

To qualify you need to have earned money and have a social security number. If you are married you must file jointly. If you have children, they need to qualify as well. The children need to be under 19 years old or if they are students, under 24. Children with permanent disability may be any age. Foster children and children that you have been financially responsible for may also qualify. The earned income credit is designed to help you financially. I think you should check this out, don’t you?

You can use the Free Tax Estimator provided by Turbo Tax Online to estimate your earned income credit. Prepare & File Taxes Online and get all the tax deductions and credits you deserve.