Resource Center: EITC Changes For 2011

EITC, or the Earned Income Tax Credit, is a refundable federal income tax credit specifically designed to assist low to moderate income individuals and their families make ends meet. You do not need to have a child to qualify for the Earned Income Tax Credit (EITC), but you must have worked at some point during the year. The amount of the Earned Income Tax Credit (EITC) also goes up the more dependent children you have.

Here’s how the 2011 Earned Income Tax Credit (EITC) works:

• 0 children/Earned income less than $13,660 = $464 maximum credit
• 1 child/Earned income less than $36,052 = $3,094 maximum credit
• 2 children/Earned income less than $40,964 = $5,112 maximum credit
• 3 or more children/Earned income less than $43,998 = $5,751 maximum credit!

Want to know if you qualify for the Earned Income Tax Credit (EITC)? Click here for the IRS Earned Income Tax Credit (EITC) assistant.