The Earned Income Tax Credit (EITC) sometimes called the Earned Income Credit (EIC), is a refundable federal income tax credit for low-income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.
To qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be obligated to file a tax return.
The EITC has no effect on most public benefits. In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families (TANF) payments.
How can I recieve free tax preparation?
- Have your return prepared by a trained volunteer and filed electronically for FREE at one of our local tax sites OR
- Use our quick and easy online filing service by visiting www.myfreetaxes.com/GCNK1 (free for anyone earning less than $58,000)
Where to go for free tax prep
What to bring
- Valid picture I.D.
- Social Security card(s) for you, your spouse, children, and any others shown on the tax return
- A copy of your 2008 tax return is helpful but not required
- Copies of ALL W-2s, 1098s, 1099s, Social Security statement, and the amount of other income received by you, and your spouse if applicable
- Form 8332 for non-custodial parent claiming child
- Child/Dependent Care provider's tax number, if applicable
- Student loan interest/college tuition expenses paid
- For direct deposit, bring bank account number and routing transit number - a copy of a voided check
- Additional documentation to claim possible tax credits, such as the first-time homebuyer credit
Do you qualify for the EITC?
- No Children: Income maximum is less than $13,440 (S, HH, QW) or $18,440 (MJ); credit maximum is $457
- One Child: Income maximum is less than $35,463 (S,HH, QW) or $40,463 (MJ); credit maximum is $3,043
- Two Children: Income maximum is less than $40,295 (S, HH, QW) or $45,295 (MJ); credit maximum is $5,028
- Three Children: Income maximum is less than $43,279 (S, HH, QW) or $48,279 (MJ); credit maximum is $5,657
- Investment income must be $3,100 or less for 2009
Additional Resources