Reviewed when it fitsFederal
A refundable tax credit for working families with modest income. Claiming your loved one as a dependent can change your filing status and the income limits, which sometimes moves a family into range.
Leads to
State earned income credits in about 30 states
Where Families Get Stuck
It has to be claimed. A quarter of eligible families never file for it.
The details
- Worth
- Up to several thousand dollars, depending on income and children
- Forms
- Form 1040, Schedule EIC
We research and prepare. We do not file.