The earned income tax credit eitc changes for 2012 and 2013 congressional research service summary the earned income tax credit eitc established in the tax code in 1975 provides cash assistance to lower income working parents and individuals through the tax system the eitc will be higher in 2012 and 2013 than it was in 2011 an increase in the size of the eitc will. The earned income tax credit eitc changes for 2012 and 2013 english edition ebook scott christine amazonde kindle shop. Fs 2013 1 january 2013 the earned income tax credit eitc is a financial boost for people working hard to make ends meet millions of workers may qualify for the first time this year due to changes in their marital parental or financial status the irs urges workers self employed people and farmers earning 50270 or less in 2012 to see if they qualify by using the eitc assistant on irsgov to get the credit. The earned income tax credit eitc helps low to moderate income workers and families get a tax break if you qualify you can use the credit to reduce the taxes you owe and maybe increase your refund did you receive a letter from the irs about the eitc find out what to do who qualifies you may claim the eitc if your income is low to moderate the amount of your credit may change if . To claim the earned income tax credit eitc you must have what qualifies as earned income and meet certain adjusted gross income agi and credit limits for the current previous and upcoming tax years use the eitc tables to look up maximum credit amounts by tax year if you are unsure if you can claim the eitc use the eitc qualification assistant
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