The federal Earned Income Tax Credit (EITC or EIC) gives certain taxpayers up to $6,318 back on their federal tax return. Even if you don't owe income tax, you could get the credit and the cash.
Whether you can get the EITC depends on how many people are in your family and how much money you make. The IRS2Go mobile app has more information and is where to check the status of a refund.
Most people do not know about the credit, so they do not claim it on their tax return. If you were eligible but did not file for the credit in past years, you can claim the credit for up to 3 years. Use the IRS's EITC Assistant to see if you were eligible for the EITC during any of the past 3 years.
The IRS expects the earliest EITC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2018, if these taxpayers chose direct deposit and there are no other issues with their tax return.
Also: Getting the Federal or state Earned Income Tax Credit will not affect your current cash, food stamp, or medical benefits. If your address has changed, you need to notify the IRS to ensure you receive any IRS refunds or correspondence.
Volunteer Income Tax Assistance (VITA) program may be able to help you file your taxes and apply for the 2017 Federal Earned Income Tax Credit, depending on how much money you make.
Other popular IRS Tax Credits for individuals and families include:
Updated: January 2017