The 2012 – 2013 Earned Income Tax Credit (EITC) is a federal tax credit for working families with low incomes. Even when families do not owe federal taxes they may qualify but they must file a tax return to receive this credit.
To claim the credit:
Determine your eligibility on the site: Earned Income Tax Credit – Should I Claim It?
For 2010, families can receive up to $3,043 for one qualifying child, or up to $5028 for two, or $5657 for three or more. qualifying children. A qualifying child must be under 19 years old.
Families cannot claim credit for money already set aside in a pre-tax flexible spending (DCAP) account, but MAY claim credit for any additional child care costs not included in the DCAP amount.
To receive the EITC, family income for 2010 must be less than:
$35,463 ($40,463 for married filing jointly) if you have one qualifying child.
$40,295 ($45,295 for married filing jointly) if you have two qualifying children.
$43,279 ( $48,279 for married filing jointly) if you have three or more qualifying children.