Earned Income Tax Credit

Asset Development &Vocational Rehabilitation

30-Second Training Series

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

What is Earned Income Tax Credit?

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

What is Earned Income Tax Credit?

A tax credit for anyone who works

A tax credit unemployed workers can receive because they worked in the past

A federal income tax credit for low-incomeworkers who are eligible for and claim the credit

Select the best answer

A

B

C

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

Incorrect…

•Unfortunately the Federal Government is not that generous: You do not get a tax credit just because you work.

•Please click the button below to try again.

WhyNot??

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

Incorrect…

•There is not a tax credit for people just because they have worked in the past.

•Please click the button below to try again.

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

You are on the money!CORRECT!To receive Earned Income Tax Credit a person:• Must have earned income

• Must have a valid Social Security Number

• Is limited to $3100 investment income

• Cannot be "married filing separately”

• Generally must be a U.S. citizen or resident alien all year

• Cannot be a qualifying child of another person

• Cannot file Form 2555 or 2555-EZ (related to foreign earned income)

http://www.irs.gov/Individuals/EITC-Home-Page--It%E2%80%99s-easier-than-ever-to-find-out-if-you-qualify-for-EITC

To learn more visit

TACE's Asset Development Exchange[tacesoutheast.org/network/ax/]

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

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TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

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-Disclaimer-

This presentation was developed by the TACE Center: Region IV ©2013

with funds from the U.S. Department of Education, Rehabilitation Services

Administration (RSA) under the priority of Technical Assistance and Continuing Education

Projects (TACE) – Grant #H264A080021. However, the contents of this presentation do

not necessarily represent the policy of the RSA and you should not assume endorsement by the

Federal Government [34 CFR 75.620 (b)].