The IRS has made a few changes to the earned income tax credit this year, making millions of Americans eligible for the bigger refunds.
This tax credit is a break for low income workers, but this year many Americans who do not usually qualify will just one time.
Those without children can see up to $1,500, which is three times what it’s usually worth.
This expansion comes under the American Rescue Plan, a $1.9 trillion dollar plan.
Workers ages 19 and older or homeless 18-year-olds who recently left foster care can qualify.
This program is aimed at combating poverty levels in America and was created by President Ford.
It brings over 5 million people above the poverty threshold.
Claiming the earned income tax credit from the IRS
You may claim this credit when filing your taxes.
Those with an income eligible for the credit will also be eligible for the IRS Free File program.
No additional paperwork is necessary if you claim this credit on your 1040 free filing form.
Anyone with children claiming the credit will need to file Schedule EIC with their tax return.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].