Working families earning less than $50,270 could be eligible for up to $7,953 from the EITC alone
The Earned Income Tax Credit (EITC) is a refundable credit that returns federal, State, and New York City tax dollars to qualifying families and individuals to help cover basic expenses. The refund amount varies depending on your income and marital and parental status.
Basic Requirements to Qualify for EITC:
- Your income and marital and parental status fall within the criteria below.
|...with qualifying children||Earning up to $50,270|
|*...with no qualifying children||Earning up to $19,190|
|...with qualifying children||Earning up to $45,060|
|*...with no qualifying children||Earning up to $13,980|
|**Non-custodial Parents (Married or Single) ||Earning up to $33,000 |
- You have a valid Social Security Number. Individuals with an Individual Taxpayer Identification Number (ITIN) are not eligible to claim the EITC.
- You have earned income (can be from full-time, part-time, or self-employment work).
- You file a tax return.
- You have investment income less than $3,200.