The earned Income Tax Credit (EITC) is understood to be a national tax credit for low earning and moderate income working people. It encourages and rewards counters and working national payroll. The states who have created their own EITCs are twenty six states and District of Colombia.
Earned income tax credit has some basic stipulations for an applicant to be eligible, the average or low income bracket shouldn't be exceeded by their gains by the federal government, tax credit refunds will be received by the applicant.
The group of low income to average income bracket who can be eligible are set by the states in which the applicant applies in and it varies from state to state, anyone who uses in a specific state can research the earned income credit chart, to see in which category they fit in, the latest of the charts being 2016 EIC table graph, relatively the previous year, that's 2015 [http://fileyourtaxesnow.com/2016-earned-income-credit-amount/ EIC Table 2016] may be used as comparison.
There really are several criteria the applicant must satisfy in order to be eligible to avail the EITC, along with the applicant cannot file individually when they are married, and have to stipulate how many youngsters are listed along with the partner if there are any, the applicant marital status, the social security number, and no of kids should be established. When they fall under the stipulated income bracket, the applicant can only apply.
Applicant should go through the 2016 EIC table graph and check under which group they fall into, when they have been married, single, widowed and how many qualifying children they have, the site http//Fileyourtaxesnow.com/2016-earned-income-credit-amount/ can clear most of the applicants query with clear charts and tables of 2015 earned income credit table, 2016 brought in income tax tables, concepts on earned income credit and why you need to apply for it.
