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How To Claim The Earned Income Tax Credit (Eitc) - Internal: What You Should Know

For more information about how to claim the ETC, you can read this Earned Income Tax Credit for Taxpayers, 2024 and its updates. Where does it apply? If you're able to claim the ETC in 2017, it will help reduce your taxes due this year. When the ETC is used, you won't get as much in tax breaks if you don't qualify for the credit. The ETC's tax breaks include all the following: A 500 credit is available for a single person (up to 2,500). A 1,000 credit is available for a married filing jointly (up to 3,000). A 1,000 credit cannot be claimed for a child with respect to a dependent, or a child who is older than 17 and attending school full-time during the year in which the tax return is filed. Earned Income Tax Credit (ETC) Overview — Who qualifies If you can claim the refund, you are considered Eligible for the ETC. Eligible means that you meet the eligibility factors of the credit. Qualification for the ETC. You are Eligible for the ETC if you: Have filing status if the tax return has not been filed for the current year. Have filed a return for the prior year and have income for the current year that does not exceed the federal poverty level. Have income for the current year that is less than half of the federal poverty level. Be  Not eligible for the ETC You are not eligible for the ETC. You can't claim it for yourself or for your dependents even if you file a tax return for 2017. If you want the money back in your tax refund, you must report a valid earned income tax credit (ETC) claim on your tax return. You can get more information about the application deadlines by finding information in the IRS Publication 555, Tax Withholding and Estimated Tax. Here's the ETC refund form that you need to fill out (PDF). When you file your taxes, you can claim a refund for any tax paid, except the ETC. The information on the refund form should reflect the amount you paid and the amount you got back.

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