About Tax Credits
AN OVERVIEW

TaxCreditResources.org is a web site that provides information about federal and some state tax credits, particularly those that can be claimed by workers with low income. A main focus of this web site is the federal government’s Earned Income Tax Credits program (EITC). The Earned Income Tax Credits program is one of the U.S. government’s most important work promotion and anti-poverty programs because it provides extra refunds to those who need it most. In practical terms, this web site provides information about different tax credits, particularly those available to low to middle income families.

For more information click the underlined links below:

Earned Income Tax Credits Eligibility Check

This web site provides an online Eligibility Check for those who want to claim Earned Income Tax Credits on their tax return. This Eligibility Check also enables you to find out if you are eligible for Child Tax Credits, as well as your state’s separate Earned Income Tax Credits program (if one is available). The Eligibility Check also helps you figure out how much you may claim should you be eligible for these tax credits.

How do I claim tax credits?

To claim federal Earned Income Tax Credits, you must file a federal tax return with the Internal Revenue Service (IRS). Your tax return must be filed by April 15th (in most cases) for the prior calendar year (January-December). The tax credits you receive may cancel some or all of the taxes you owe. Should the tax credits amount exceed the amount you owe, you may be entitled to a cash refund from the U.S. Treasury Department.

Help with your tax return and claiming tax credits

Tax forms are available from the IRS web site and from many local libraries and post offices. There are also places such as Volunteer Income Tax Assistance (VITA) sites, where you can go to receive free help in completing tax forms and in claiming tax credits. VITA sites are open during tax season (January-April).

State Earned Income Tax Credits

Some states offer similar tax credits to the federal government. About 14 states and the District of Columbia currently offer state Earned Income Tax Credits. If your state offers these tax credits, you may be able to claim them in addition to claiming them on your federal tax return. States which currently offer Earned Income Tax Credits include: Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Vermont and Wisconsin. State Earned Income Tax Credits can be claimed by filling out and submitting a state tax return. If your state does not offer Earned Income Tax Credits, you can still claim them on your federal tax return.