You Earned It! The Earned Income Tax Credit

June 4, 2015

For the last 40 years, Earned Income Tax Credit has made life better for millions of workers. You may have extra money waiting for you! If you qualify and claim the credit, it could be worth as much as $6,143 from the IRS and $1,842 from New York State.

One in five miss out on claiming these credits. Don’t let this happen to you. If you earned less than $52,427 in 2014, then check it out.

Finding out if you qualify is easy with the EITC Assistant, available in late January on IRS.GOV. Just answer questions about yourself and family members to see if you qualify and estimate the amount of your credit. EITC eligibility depends on several factors, including income and family size. You don’t have to have children to qualify but you must file your taxes. If you don’t have a qualifying child and earned under $20,000, you may qualify for a smaller credit, worth as much as $496.

You may qualify for free help to prepare and file your taxes. Use the VITA locator tool on IRS.GOV to find a volunteer site near you. You may qualify for free legal services for your income tax matter. If you think that you have been wrongly denied the EITC credit or are having another problem with the IRS, contact the Legal Aid Society of Northeastern New York’s Low Income Taxpayer Clinic at 518-462-6765 or 1-800-462-2922. The Clinic does not generally provide tax return preparation services.