Do I Qualify for the Earned Income Tax Credit?
By: AARP Tax-Aide | Source: AARP.org | February 16, 2009
Q: What is the earned income tax credit, and how do I know if I qualify?
A: The Earned Income Tax Credit (EITC) is a refundable credit that is available to certain individuals and families who have low-to-moderate levels of earned income (wages, salary, tips, bonuses & net earnings from self-employment) and are taking care of at least one or two minor children. In certain cases, a taxpayer with low earned income and no children may also qualify.
A refundable credit is a tax credit that you can use to generate a refund even if you have no tax liability.
The IRS has a variety of tools available to see if you qualify. You can access them at the IRS EITC Resources page.
A refundable credit is a tax credit that you can use to generate a refund even if you have no tax liability.
The IRS has a variety of tools available to see if you qualify. You can access them at the IRS EITC Resources page.
These questions are actual inquiries submitted by taxpayers to our AARP Tax-Aide Program. The AARP Tax-Aide Program is a volunteer-run, free tax-preparation and assistance program offered to low- and middle-income taxpayers with special attention to those age 60 and older. Our volunteers are trained and IRS-certified to understand individual federal-tax issues. Our volunteers provide tax assistance as a public service and cannot guarantee the accuracy of the information provided.
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