Don’t miss out on these credits!
What is the Earned Income Tax Credit (EITC)?
The EITC is a federal tax credit for low- and moderate-income working people. In 2017, the average EITC refund in Wisconsin was $2,248. In total, $825M of earned dollars was infused into Wisconsin's 2017 economy from EITC refunds.
How do I know if I’m eligible for the EITC?
When filing taxes for 2017 (due in April 2018), working families with children that have annual incomes below $54,000 may be eligible for the federal EITC. Individuals making below $14,820 and married couples without children making below $20,330 may also be eligible for the federal EITC.
What is the Child Tax Credit (CTC)?
A federal tax credit of up to $1,000 per qualifying child.
How do I know if I’m eligible for the CTC?
To claim the CTC, there are seven qualifying elements for each child: age, relationship, support, dependent status, citizenship, length of residency and family income. You and/or your child must pass all seven to claim this tax credit.
Visit a VITA site or www.irs.gov to see if you’re eligible.
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