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Did you make less than $50,000 last year?
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Are you between the ages of 25 and 64?
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Do you know you can claim EITC for three years back?
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Do you know free tax help is available?
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You could be eligible to get more money back from the IRS - as much as $5,751. If your AGI (adjusted gross income) is less than $49,000 you may qualify for the Earned Income Tax Credit - or EITC.
Tax Year 2011 Income Limits
Earned income and adjusted gross income (AGI) must each be less than:
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• $43,998 ($49,078 married filing jointly) with three or more qualifying children
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• $40,964 ($46,044 married filing jointly) with two qualifying children
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• $36,052 ($41,132 married filing jointly) with one qualifying child
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• $13,660 ($18,740 married filing jointly) with no qualifying children
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Tax Year 2011 Maximum Credit:
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• $5,751 with three or more qualifying children
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• $5,112 with two qualifying children
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• $3,094 with one qualifying child
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• $464 with no qualifying children
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Investment income must be $3,150 or less for the year.
Use IRS's online EITC Assistant to see if you qualify. If so, you must file a tax return
to get the credit.
Free help is available at VITA sites across the state. Dial 211 to locate a site near you. You may also qualify for the Child Tax Credit (CTC), a federal tax credit worth up to $1,000 per child dependent under age 17.
Be sure and ask your tax preparer if you are eligible for EITC!
In addition, you must meet the following guidelines:
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• Must have earned income.
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• Must have a valid Social Security Number.
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• Must have been a United States citizen or resident alien all year.
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• Cannot be a qualifying child of another person.
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For more information, visit the IRS at http://www.irs.gov/