There are millions of Americans that are younger or seniors who could qualify for an tax credit worth as much as $6,935 from the IRS.
This is under the Earned Income Tax Credit, which works to benefit working families making a low to moderate income.
Anyone age 19 and older may apply for the EITC.
Now, 18-year-olds that just left foster care and were at risk for becoming homeless may also claim the credit.
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The most a person can get is $6,935, but what they end up getting depends on their own income, number of dependents, and filing status.
A family of three could see as much as $6,728, according to The Sun.
If a family of three has an AGI of $57,414 they will see the entire amount.
A family with just one dependent could see as much as $3,733.
IRS: Child tax credit explained
Qualifying for EITC from the IRS
You need to have at least $1 earned to qualify for the credit from working for yourself or an employer.
You must also have under $10,000 in investment income for the current tax year.
A SSN is necessary to qualify.
Your SSN must be valid for working before you file your tax return.
You need to be a U.S. citizen or resident alien for the entire year.
Rules differ for disabled Americans and military members.
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EITC changes in 2021
The Biden Administration changed the maximum credit for those collecting the credit without kids from $538 to $1,502.
If Americans believe they may have qualified but did not claim it they may file an amended return.
Returns were allowed to be submitted starting Jan. 24.
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