A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC
There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned Income Tax Credit (EITC) was signed into law and is designed to “lift many financially challenged families out of poverty,
Lower earners can see ‘five-figure refunds' from these tax credits, expert says. Here's who qualifies
The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax liability. Here’s who qualifies.
Be Sure to Claim All Your Tax Credits to Get the Largest Tax Refund Possible
Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your refundable tax credits are more than the income taxes that you owe, you will receive the extra amount back in a tax refund.
IRS says claiming the Child Tax Credit or EITC could delay your tax refund payment
With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair of tax credits might be waiting longer than anticipated to receive their money.
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in their refunds when claiming the credit.
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.
$7,830 IRS credit: What to know about qualifying for the Earned Income Tax Credit
The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning even those who do not earn enough money to have taxes withheld are eligible. The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830.
Nearly 1 in 5 eligible taxpayers miss this ‘valuable credit' worth thousands, IRS says
Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.
What do you need to qualify for the EITC Tax Credit this 2025?
As the 2025 tax season begins, understanding the Earned Income Tax Credit (EITC) can significantly enhance your financial outcome.
As Tax Filing Season Kicks Off, Early Data Suggests A Slow Start
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Montgomery County residents receive free tax help
A group of volunteers spent part of their Saturday to offer free tax preparation to Montgomery County residents for free.
Millions of Americans are eligible for more than $12,000 in tax credits: Check if you are eligible for the super EITC
As tax season kicks off, many Americans are eager to uncover ways to maximize their refunds. One opportunity that stands out is the Earned Income Tax Credit (EITC), a federal benefit designed to ...
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IRS, partners celebrate the 50th anniversary of the EITC
The Internal Revenue Service and partners around the nation recently celebrated the 50th anniversary of the Earned Income Tax Credit (EITC) with the launch of this year’s Earned Income Tax Credit ...
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IRS confirms the start of the Tax Refunds: You’ll receive your money from this day on
The PATH Act requires the IRS to delay tax refunds to taxpayers who claimed the Earned Income Tax Credit (EITC) or Additional ...