What is the Earned Income Tax Credit (EITC)?

Each year, the IRS says one in five eligible taxpayers fail to claim one of
the most tax credits available: the Earned Income Tax Credit (also
known as the EITC). In this informative video, Mark Steber (Jackson
Hewitt’s Chief Tax Information Officer) breaks down everything
taxpayers need to know before filing their 2023 federal income tax
return.
Here's what we cover in this video:
00:37 What the Earned Income Tax Credit (ETIC) is
2:19 How much the EITC is worth for tax year 2023
2:53 How to qualify for the ETIC
3:37 Understanding what income counts to qualify for the EITC
4:23 What type of income doesn’t count for the EITC
4:57 If the credit is automatically included in your return
5:27 How to claim the EITC
5:57 Other commonly asked questions for the Earned Income Tax credit
Don’t get overwhelmed. Watch this video and you’ll gain the knowledge
and strategies you need before you file your tax return this year.
Read more about the Earned Income Tax Credit here: www.jacksonhewitt.com/tax-hel...
Have tax questions? We're open all year. Book appointment at office.jacksonhewitt.com/en/o...
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#TaxTips #TaxSeason #EITC #EarnedIncomeTaxCredit #TaxCredit
#income

[@user-vp4pw1ow8l]

Thanks so much for the channel

[@TheMadisonHang]

I've not know about this for the last 10 years of doing taxes. I need my money back!

[@faithnee]

Nice information

[@doomslayer1989]

Wait. You said except married filing separately, but the bullet point says except filing jointly. Which one?

[@andrewgibbons8904]

Pretty sure he meant to have "married filing separately" on the bullet point. If you are married filing jointly then you are not excluded from qualifying for it. What he said in the video is correct. The bullet point is not. See 6:40 when he explains what to do if filing separately.

[@carlospadron488]

What is the minimum earn income to qualify for this credit sir?considering you meet other requirements

[@marlenehaigler6603]

And I was still legally married, but filed head of household, because my ex owes backhoe, child support and alimony

[@marlenehaigler6603]

I call BS on this because people that don’t get alimony or child support and I was 180$ short of the $2500 income limit for the year can’t get any tax credit for my dependent child single moms who are struggling the most are not back out in the work field yet need this money more than anyone else 😂 I called my congressman on this, and he agreed that this is one of the ways the government is cutting back from all their spending to illegal aliens, instead of helping the middle, aged dependence of their own country

[@JoanMcCants-cs9tq]

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