Qualifications
Earned Income Tax Credit is a tax benefit for people who worked full or part-time. This year there are new and expanded tax credits for low-moderate income workers.
NOTE: If you make more than $49,000 but less than $58,000 and you are willing to prepare your own taxes, check out this site sponsored by this program’s partner, Walmart.
Go to MY FREE TAXES.
You are: |
and you earn LESS than: |
then you may qualify for a credit or refund UP to: |
| a married couple w/ 3 or more qualifying children |
$49,078 | $5,751 |
| Unmarried w/ 3 or more qualifying children |
$43,998 | $5,751 |
| A married couple w/ 2 or more qualifying children |
$46,044 | $5,112 |
| Unmarried w/ 2 or more qualifying children |
$40,964 | $5,112 |
| A married couple w/ 1 qualifying child |
$41,132 | $3,094 |
| Unmarried w/ 1 qualifying child |
$36,052 | $3,094 |
| A married couple w/no qualifying children | $18,740 | $464 |
| Unmarried w/ no qualifying children |
$13,660 | $464 |
Note: Investment income must be $3,150 or less to qualify for the EITC.
More about the EITC:
The Earned Income Tax Credit (EITC) is the largest and most effective federal aid program for the working poor. Since you must have earned income to qualify for this credit, it provides lower-income workers with an incentive to work. It is structured to supplement the incomes of lower-wage workers by reducing their income tax liabilities and providing tax refunds to those who qualify.
Hawaii statistics:
The EITC also represents new federal funds brought into the State of Hawaii. Between 2003 and 2009, the EITC brought into the State of Hawaii $1.08 Billion. Within that same time period, however, the estimated amount of EITC left UNCLAIMED by Hawaii workers exceeded $271 Million. Since most taxpayers who are eligible for the EITC spend a substantial portion of their refunds to purchase goods and services, helping these taxpayers to claim the EITC benefits the local economy. Free tax assistance sites help these workers to claim valuable tax credits such as the EITC and to receive the full benefit of such credits since their refunds will not be reduced by tax preparation fees or high interest loan products.

