Changes to the earned income tax credit for the 2022 filing season
The EITC is one of the federal government's largest refundable tax credits for low-to moderate-income families. The recent expansion of this credit means that more people may qualify to have some much-needed money put back in their pocket.
The IRS urges people to check to see if they qualify for this important credit. While people with income under a certain amount aren't required to file a tax return because they won't owe any tax, those who qualify for EITC may get a refund if they file a 2021 tax return.
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Original Article Source Credits: IRS, https://www.irs.gov
Article Written By: NA
Original Article Posted on: February 28, 2022
Link to Original Article: https://www.irs.gov/newsroom/changes-to-the-earned-income-tax-credit-for-the-2022-filing-season