Earned Income Tax Credit

By: Lori Jane Gliha

Updated: Thu 4:33 PM, Feb 20, 2003

Tax

The Earned Income Tax Credit can help some low income workers put up to $4,100 back into their pockets.

According to tax experts, people who earn $11,000 or less and have no kids can get money back from the federal government.

People who earn $29,000 or less and have one kid or people who earn $34,000 with at least two kids can also qualify to receive the credit.

Experts say low-income workers should consult the EIC chart in the IRS tax booklet to determine how much money they should get back from the government.

For more information about the tax credit, log on to www.irs.gov.

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Tips for Last-Minute Filers

Take your time. More mistakes are made by people who file at the last minute.
Double check your math. The most common tax return errors are not complex issues; the errors are usually related to incorrect addition or subtraction.
Use your label. It does speed your refund and has no affect on the likelihood of being audited.
Be sure to sign your return and if married filing jointly, both spouses must sign the return.
Attach all W-2 forms.
If someone else is preparing your tax return, be sure you know who you're dealing with first. Ask for an explanation of items on your return. Remember, if you sign the return, you are personally responsible for it.

Source: http://www.sctax.org/pressrel/1998/04109801.html (South Carolina Department of Revenue).

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