As the deadline for submitting your tax return to the IRS quickly approaches, you may have time to take advantage of tax credits.
The earned income tax credit is worth thousands of dollars if you can qualify.
This credit is designed to help low and middle income households.
Stimulus: $75 tax rebates being sent to 25,000 Americans
Qualifying for the earned income tax credit from the IRS
Normally the credit goes towards low income families with children.
This year you do not have to have kids and the income threshold was raised.
There are a few eligibility requirements, according to AS.
IRS: Tax deadlines for 2022
- You need to have worked in the past year
- Earned under $57,414
- Have an SSN
- Have citizenship in the U.S.
- Cannot have filed a Form 2555 for foreign income
The amount you can see will range from $1,502 to $6,728.
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