Is the Earned Income Tax Credit something new for 2011?
No, but many people who are eligible to get the credit do not know about it.
I didn't file taxes last year. Is it too late?
No, you can work with a community organization or a tax professional to file prior year taxes. Read more here.
Can I file for the EITC on my past tax returns?
Yes, you can apply for the credit for the past three years (2010, 2009, and 2008). That could mean a lot of extra money for your family. Call the Internal Revenue Service at 1 (800) 829-1040 (toll-free) to find out the best option to prepare your back year taxes.
Can I still get the EITC if I work and also get welfare benefits?
Yes.
If I get the EITC, will this lower the amounts of other government benefits I am already receiving? Could I lose my benefits?
Generally, no. The credit does not count as income for Medicaid, food stamps, Supplemental Security Income (SSI), or federally-assisted housing programs. Here are some of the rules:
- For Medicaid, SSI, or Federally-Assisted Housing Programs: The money you get back must be spent one month after you receive it. If not, it can count as a resource.
- For Food Stamps: The credit must be spent within 12 months after you receive it. If not, it can affect the amount of food stamps you receive.
Can I get the EITC as an immigrant worker?
Yes, as long as you, your spouse and children have a valid Social Security Number that allow you to work in the United States. Many immigrants authorized to work in the U.S. with a Social Security Number can get the credit.
Can I still qualify for the EITC if I do not have a Social Security number?
No. If you have an ITIN (Individual Taxpayer Identification Number) or a non-work Social Security Number, you cannot get the EITC. If you have an ITIN, you can still file a tax return and may be eligible to receive a refund or certain tax credits.
I don't owe taxes. Can I file electronically after April 15th?
Yes, you can file your return after April 15th. If you want an extension to pay your taxes by October 15th, you'll need to file a special form by April 15. You can download the form here: http://www.irs.gov/formspubs/article/0,,id=98155,00.html.
How do I know if my child qualifies for the EITC?
To be included as your Qualifying Child when you apply for the EITC, your dependent must meet the following conditions:
- Have a valid Social Security Number
- Be your son, daughter, adopted child, stepchild, foster child, or descendent of any of them (such as a grandchild) or brother, sister, stepbrother, stepsister, or a descendent of any of them (such as a niece or nephew).
- At the end of the filing year, be younger than you (or your spouse if filing jointly) and be younger than 19, or younger than 24 and a full-time student, or any age if permanently and totally disabled.
- The child must live with you in the U.S. for at least 6 months
- The child can't file a joint return, unless it was filed only to claim a refund.
- A qualifying child can't be included on a return by more than one person.
Can I still apply for the Advanced Earned Income Tax Credit?
No. The Advanced Earned Income Tax Credit will not be available after December 31, 2010.