March 22, 2016
The Earned Income Tax Credit is one of the most under-utilized tax credits each season, according to the IRS. Most taxpayers don't check to see if they qualify, which means many Americans can be missing out on important tax savings. eTax.com makes it simple for taxpayers to determine if they are eligible for the EITC through a helpful tool called the "Earned Income Tax Credit Calculator."
The Earned Income Tax Credit helps families with low to moderate income levels by reducing the amount of taxes owed to the federal government. The tax credit is even refundable, which means that a taxpayer who doesn't owe any taxes can still get money returned.
eTax.com's EITC calculator asks simple to answer questions about whether taxpayers have valid Social Security numbers, filing status, residency status, and other simple tax items to determine if the user can claim the Earned Income Tax Credit.
In addition to the calculator, eTax.com also has an Earned Income Tax Credit table lookup to assist taxpayers. Using this table, taxpayers can select their filing status, the number of qualifying children, and their estimated income to calculate the amount of the EITC they may receive.
"eTax.com is committed to ensuring each customer maximizes their refund potential and gets the most out of tax season." explained Paul Stanley of eTax.com. "Through multiple calculators and tax assistance and advice, customers can find tax time to be easy when they file at eTax.com."