You may qualify for the earned income credit if you are considered low income.

You may still qualify even if you are married and have a low income. If you do qualify for this credit then your tax bill may be greatly reduced or even completely wiped out. Some individuals may even get a refund by filing for the earned income credit.

Who Qualifies?   

• You must have some income

• You must file either single or married

• You must be a citizen of the US   

• You may not earn more than $37,783.00 individually

• You may not earn more than $39,783.00 jointly

These are not all of the rules for qualifying, so it's worth looking further to see if you might still be able to receive the earned income credit. You may receive as much as $4716.00 in tax credits.

The amount you can earn and still qualify is different depending on how many children you have. Your children must meet certain guidelines to be considered qualifying children. The children must have lived with you in the United States for at least six months and they must be under the age of 18 at the end of the year.

There are exceptions to this rule so we recommend using online tax software such as turbo tax to help you determine if you can qualify for this credit. Another added bonus to this credit is that if you currently receive state assistance it will have no effect on your benefits.

If you are looking for a fast simple way to find tax deductions, try using the deduction maximizer. TurboTax online offers all of their tax software for free. There is no charge unless you decide to file your taxes with their software.

To learn more about tax deductions or to use one of the free online calculators, please visit TurboTax Online.