
If you work and have low-to-moderate income,
be sure to look into the earned income tax Credit – also known as EITC. It can put money in
your pocket. The first thing to do is check out Irs.gov/eitc. There, you’ll discover the credit
can be worth thousands of dollars for some people. The amount of your credit depends on
several factors. This includes things Like whether you have children,
dependents, or are disabled. You must meet other criteria too. For example, Your income from working and your investment
income must be below specific limits. You must be a US citizen or a resident
alien all year and you must have a Valid Social Security number by
the due date of your tax return. There are special qualifying
rules for Military members, Clergy, and taxpayers with disabilities,
but keep in mind that the only way anyone Can get the credit is by filing a
tax return and claiming the credit. One important note: The IRS is
required by law to wait until Mid-February to issue refunds to taxpayers
who claim the Earned Income Tax Credit. So Some people could get their money later than
expected. This includes your entire refund, Not just the part that’s related to the
credit you claimed on your tax return. For more information and to
find out if you qualify for This valuable credit, visit irs.gov/eitc.