It is possible to claim the EITC if you have no children, but the income threshold is very low and the credit is small. For tax year 2023, the maximum credit is $600 for filers without children.

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Raising children is expensive but kids can help reduce the taxes you owe. Whether you're eligible for the EITC and how much you'll get depends on many factors, including how much you earn and how ...

A new report by watchdog group Espacios Abiertos warns that proposed changes to Puerto Rico’s Earned Income Tax Credit (EITC) by the Financial Oversight and Management Board (FOMB) could ...

Average tax refunds will probably be down this year as a result. Taxpayers who earned $53,057 ($59,187 married filing jointly) or less last year can still claim the EITC, which is a refundable tax ...

The deadline for federal returns is set to April 15 nationwide. The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers and their families.

The Earned Income Tax Credit (EITC) can reduce taxes and increase refunds for low- to moderate-income workers and families. The credit ranges from $632 to $7,830 for the 2024 tax year. General ...

With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair ...

But many taxpayers who receive the federal EITC are unaware that the state program exists. Workers who qualify for the federal EITC generally qualify for the Illinois EITC, since the requirements ...

In a previous scholar reflection, I encouraged Connecticut representatives to make permanent the expansion to the Earned Income Tax Credit (EITC), which at the time was temporarily funded with ...

But many taxpayers who receive the federal EITC are unaware that the state program exists. Workers who qualify for the federal EITC generally qualify for the Illinois EITC, since the requirements ...