Don’t Forget About the Earned Income Tax Credit!
Last year, the average amount of the EITC was more than $2,400! And 20% of eligible taxpayers did not claim this credit on their taxes.
Taxpayers who earned $53,930 or less in 2017 should check if they are eligible for the credit. Depending on their income and the number of children they have, they may be eligible for an EITC of up to $6,318 for 2017. Even working taxpayers without children and earnings of $20,600 or less may qualify for an EITC of up to $510.
Workers may use an IRS online tool at https://buff.ly/2EPmzBu to check their eligibility and estimate their credit. However, the online tool is an estimator only and is not used to claim the credit.