{"id":80,"date":"2014-12-10T14:48:14","date_gmt":"2014-12-10T19:48:14","guid":{"rendered":"http:\/\/blog.etax.com\/?p=80"},"modified":"2019-07-11T13:26:54","modified_gmt":"2019-07-11T17:26:54","slug":"workers-get-help-earned-income-tax-credit","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2014\/12\/10\/workers-get-help-earned-income-tax-credit\/","title":{"rendered":"Workers Get Some Help from the Earned Income Tax Credit"},"content":{"rendered":"

Since it was enacted almost 40 years ago, the Earned Income Tax Credit<\/a> has been helping boost revenues of low and moderate income workers. The IRS reports that four of every five employees eligible for the EITC claim the benefit, however they\u2019d like to see everyone who qualifies take advantage of it.<\/p>\n

If you qualify, this tax credit can help you give your budget a little extra wiggle room this tax season. Some facts about the EITC that you need to know:<\/span><\/p>\n

Eligibility:<\/b><\/span>\u00a0<\/b><\/span><\/p>\n

Even if you haven\u2019t qualified in the past, if your family or financial situation has changed, there\u2019s a chance you may be eligible this year. Review the requirements yearly, because you have to claim the credit on your taxes in order to receive it. You must have worked through the year and earned an income under $52,427. You can still file a claim for the credit even if you aren\u2019t required to file a tax return.<\/span><\/p>\n

Rules:<\/b><\/span><\/p>\n

The EITC has a specific set of guidelines, and it\u2019s important to follow them correctly in order to get the credit. Consider the following:<\/span><\/p>\n