Each year, my office gets many phone calls regarding the Earned Income Tax Credit (EITC), one of the largest tax programs that American families use. To provide you with helpful information regarding the EITC, I have compiled the following list of resources that will help you determine if you qualify for EITC and address frequently asked questions regarding the EITC. 

What is Earned Income Tax Credit?
The EITC is a refundable tax credit that reduces, or sometimes eliminates, the taxes that low-income earners pay. The EITC is the largest poverty reduction program in the United States, with nearly 21 million Americans benefiting from EITC. 

Do I quality for EITC this year?
In general, your eligibility depends on income level, filing status, and number of qualifying children. The IRS has created an online tool to determine your eligibility. The EITC Assistant takes about 10 to 15 minutes to complete. You should have your W2 handy when using the EITC Assistant. 

How much credit will I receive?
Once you determine your eligibility, you can estimate your credit amount using the IRS credit tool.  You will need to know the amounts and types of income you received in 2006, and allow about 10 minutes to complete the tool.  

What common errors might prevent my receiving credit?
There are number of common EITC errors that could delay or deny your ability to benefit from the credit. Some of these common errors are:

·        Claiming a child who is not a qualifying child

·        Using the wrong Social Security numbers

·        Filing with the incorrect marriage status

·        Reporting inaccurate income information