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Form 1040 (Schedule Eic) for Detroit Michigan: What You Should Know

ETC Credit and Earned Income Tax Credit | Michigan Department of Treasury ETC Credit and Earned Income Tax Credit | IRS Tax Code Title 26 Part I Subtitle D Section 25E Subtitle C Section 25H Subtitle D Section 25J Under the ETC program, taxpayers who earn less than 150% of the federal poverty level are eligible to receive a tax credit for up to 2,974 annually, with no more than 5,100 in total annual income. The amount of the credit for a family of four is 6,065.  In 2018, as a general rule, most of the ETC and ETC for children under 19 are paid through the Michigan Child Tax Credit (CTC), which is not a part of the ETC program.  ETC is a refundable tax credit The Earned Income Tax Credit (ETC) is available to all taxpayers with no earned income. A taxpayer generally must file Form 1040 or 1040A, or Form 1040NR if the filer is a resident of certain territories. The Earned Income Tax Credit provides a refundable tax credit based on the federal filing status of the qualifying taxpayer. It does not be based one's filing status for federal income tax purposes or a tax liability. The ETC is refundable if paid in the tax year. However, the ETC benefits are generally available for up to three years after the credit was paid. ETC Earned Income Tax Credit | Michigan Department of Tax and Revenue ETC Earned Income Tax Credit | Michigan Department of Tax and Revenue In general, the ETC is usually a tax credit or deduction. To qualify for the credit, a taxpayer must be eligible to receive public assistance. This also means that a taxpayer could also be a dependent of a noncitizen at the time of filing (this is rarely true) or not a U.S. resident with a dependents visa (many times a U.S. resident will not qualify for the ETC because they do not qualify for any other credit). The maximum credit is 3,000 for a single taxpayer, 5,000 for two or more qualifying taxpayers filing jointly, 6,000 for a married couple filing jointly, 6,000 for a family of four filing jointly, and 8,200 for a married couple filing separately.

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