Did you know it is possible to get a refund even if you didn’t make enough to be required to file a tax return?
The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund.
To qualify for EITC you must have earned income from working for someone or from running or owning a business or farm and meet basic rules. And, you must either meet additional rules for workers without a qualifying child or have a child that meets all the qualifying child rules for you.
To find out more about EITC you can visit the IRS website at IRS.gov/eitc or give Alaska Tax Lady a call to see if you qualify.