A tax credit worth up to $7,830 often goes unclaimed

1 in 5 taxpayers are missing out on thousands with this tax credit
The IRS estimates one in five eligible taxpayers don't claim the earned income tax credit on their tax returns, missing out on thousands of dollars.
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.
1 in 5 people are missing out on Earned Income Tax Credit worth $7,830; here’s what to know
If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax refund through the Earned Income Tax Credit (EITC).” However, roughly one in five eligible taxpayers miss out on claiming the credit because they don’t know they’re eligible, according to IRS.
This tax credit is worth up to $7,830 for some, but many don't claim it. Here's how to
Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how to claim it on taxes.
EITC Payment 2025: Who is eligible to claim the Earned Income Tax Credit?
The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they have children. Also known as the Earned Income Credit, th
Lower earners can see ‘five-figure refunds' from these tax credits, expert says. Here's who qualifies
The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax liability. Here’s who qualifies.
MN's Child Tax Credit has a new twist in year two
Poverty-fighting groups in Minnesota are joining the wave of officials reminding low-income households to take advantage of the state's Child Tax Credit, now in its second year, adding a new feature could provide additional flexibility.
Do I qualify for the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) was signed into law and is designed to “lift many financially challenged families out of poverty,” according to the IRS. Depending on the number of dependents one has,
Child Tax Credit: What to Expect When Your Child Ages Out
The Child Tax Credit (CTC) has been a staple in American families, helping them finance the expenses of having a child. But what happens when your child finally reaches the doors of adulthood? As your child grows older,
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What is the earned income tax credit, and do you qualify?
The earned income tax credit is one of the most valuable federal credits available to working families. It’s designed to help low-income to moderate-income workers get a tax break and pocket ...
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...
IRS’ Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
When to expect your tax refund in 2025: Some refunds will take longer
But don’t count on a specific date: The IRS warns taxpayers not to rely on receiving their refund by a certain date, ...
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Worker credits to increase in 2025: IRS
The IRS is set to increase the Earned Income Tax Credit (EITC) for the 2025 tax year, offering enhanced financial support to ...