Ano ang EITC?

Ano ang EITC?

The Earned Income Tax Credit (EITC) is a tax credit for individuals who work and earn low to moderate incomes. It provides an opportunity to receive a refund or reduce your tax liability. There are two types of EITC: the California Earned Income Tax Credit (CalEITC) and the federal Earned Income Tax Credit (EITC).

CalEITC

You may qualify for CalEITC if: You may be eligible for CalEITC if:

  • You must be at least 18 years old or above. kuwalipikadong anak 
  • Earn $30,950 or less from your job.
Number of qualified children Number of qualified children
Pinakamalaking kita sa California
CalEITC (hanggang)
IRS EITC (hanggang)
YCTC (hanggang)
Wala
$30,950
$285
$660
$0
1
$30,950
$1,900
$3,995
$1,117
2
$30,950
$3,137
$6,604
$1,117
3 o higit pa
$30,950
$3,529
$7,430
$1,117

 

Tandaan:

  • Parents may also qualify for other credits, such as the federal Child Tax Credit (CTC). Parents may also be eligible for other credits, like the federal Child Tax Credit (CTC).
  • Only those who possess an Individual Taxpayer Identification Number (ITIN) are eligible for the CalEITC and California Young Child Tax Credit. The CalEITC and California Young Child Tax Credit are tax credits specifically designed for children in California.
  • Parents who use ITIN can claim the federal Child Tax Credit for their children who are US citizens.

Gamitin ang aming calculatorTo determine your eligibility and estimate the value of your credit: To find out if you are qualified and determine the amount of your credit.

Pederal na EITC

The Earned Income Tax Credit (EITC) is a federal tax credit for individuals who work and earn a low-to-moderate income. Unlike CalEITC, only individuals with a Social Security number are eligible. If you qualify, you may see a reduced tax bill or a larger refund. This means more money in your pocket to pay for the things you need.

You can claim the credit if you are single or married, with or without children. The primary requirement is that you must earn from a job.

You are eligible for the federal EITC if: You qualify for the federal EITC if:

  • If you (or your spouse if filing a joint return) are at least 19 years old or older
  • If you (or your spouse if filing a joint return) and anyone else kwalipikadong bataI have a Social Security number; AT is my Social Security number; AT
  • (you and your spouse if filing a joint return) have a primary residence in the United States for more than half of the tax year; AND
  • You (and your spouse if filing a joint return) cannot be claimed as a dependent or qualified child on someone else's tax return; AND You (and your spouse if filing a joint return) cannot be claimed as a dependent or qualified child on someone else's tax return; AND
  • You are not a married individual filing separately; AND You are not a married individual filing separately; AND
  • Your investment income for the tax year is $10,000 or less; AND Your investment income for the tax year is $10,000 or lower; AND
  • You earn no less than $1 and no more than: You earn at least $1 and not more than:

 

Number of qualified children Number of qualified children
Unmarried employees with low income: Unmarried employees having income below:
Working couples with low income
EITC na hanggang
3 o higit pa
$56,838
$63,398
$7,430
2
$52,918
$59,478
$6,604
1
$45,560
$53,120
$3,995
0
$17,640
$24,210
$600

Was I deserving last year?

Did you know that you can amend your tax returns for up to three years ago if you discover that you are eligible for tax credits that you didn't initially claim?

Good news; you can still get this credit refunded. Study the chart below to find out if you may be eligible and how much you can potentially qualify for in 2021.

Mga nai-claim na anak o kamag-anak
The biggest AGI (filing as single, Head of Household, or Widow) The largest AGI (filing as unmarried, Head of Household, or Widow)
The largest AGI (filing as a Married couple filing jointly) The biggest AGI (filing as a Married couple filing jointly)
0
$16,480
$22,610
1
$43,492
$49,622
2
$49,399
$55,529
3
$53,057
$59,187

 

 

Tandaan:

  • The federal EITC has special provisions for military members, clergy, and individuals with disabilities. The federal EITC has specific guidelines for military personnel, clergy members, and individuals with disabilities.
  • Credits for taxes, such as CalEITC and EITC, are not considered public benefits under the U.S. Citizenship and Immigration Services (USCIS). Credits for taxes, like CalEITC and EITC, are not classified as public benefits under the U.S. Citizenship and Immigration Services (USCIS).