Up To $7,000 Earned Income Tax Credit (EITC): What To Do To Receive Them

Up to $7,000 in Earned Income Tax Credit (EITC) will be distributed until the end of this month. Read and find out in this article what to do to receive them!

Earned Income Tax Credit [Photo: Prosperity Now]

According to Barrera, taxpayers can receive the Earned Income Tax Credit (EITC) when filing for tax returns. The EITC is a tax credit designated for individuals and families who earn low incomes. Almost $7,000 in EITC can be received by the recipients of the tax credit. However, the exact amount that will be received will be based on each recipient’s status or that of their family. This status involves the number of children they have or the amount of their annual income.

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What To Do To Receive EITC

According to an article on the H&R Block, to be able to receive the EITC, a taxpayer must have made an income of no more than $59,187 and had an investment income of no more than $10,300 in the tax year 2022. They must have also obtained a valid Social Security number before the filing for 2021 tax returns ended. In addition, they must be a U.S. citizen or a resident alien for the entire year. However, the taxpayer cannot file for a Foreign Earned Income (Form 2555). The EITC will be distributed until the end of this month, but the exact date will depend on when the taxpayer made a declaration.

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