By Herb Weisbaum, The Consumerman
The Earned Income Tax Credit or EITC helps workers and families who don’t make a lot of money get a tax break. This tax filing season, more people without children qualify for the EITC, the IRS says.
The EITC can be used to reduce the taxes you owe, and maybe even result in a bigger refund.
For 2021 only, more childless workers and couples can qualify for the EITC, and the maximum credit is nearly tripled for these taxpayers. For the first time, the credit is now available to both younger workers and senior citizens.
So, make sure you don’t leave money on the table.
If you use a tax preparer, ask them to check out the credit for you. If you do your own taxes, file your return electronically. The e-file software will ask you the right questions to make sure you get the money you deserve.
More Info: Important changes mean more people qualify for credit that helps millions of Americans
Herb Weisbaum, The ConsumerMan, is the consumer reporter at Northwest Newsradio, the founder of ConsumerMan.com, and host of the Consumerpedia podcast. You can follow him on Facebook and Twitter.
