We're participating in a nationwide effort to alert millions of low- and moderate-income workers who may be missing out on the significant Earned Income Tax Credit (EITC).
Workers, self-employed people and farmers who earned $53,505 or less in 2016 could receive larger refunds if they qualify for the EITC. Unlike most deductions and credits, the EITC is refundable. In other words, those eligible may get a refund from the IRS even if they owe no tax. Last year, more than 27 million eligible workers and families received almost $67 billion in EITC; with an average EITC amount of more than $2,455!
Our volunteers at the Northland Free Tax Assistance program will help you see if you qualify for this refund.
Be sure to bring along all required documents and information listed on the What do I Bring section here.
Note that 2017 Refunds Will Be Delayed. A new law approved by Congress requires the IRS to hold refunds claiming the EITC and the Additional Child Tax Credit (ACTC) until Feb. 15. By law, the IRS must hold the entire refund — even the portion not associated with EITC or ACTC. This change helps ensure taxpayers receive the refund they are owed by giving the agency more time to help detect and prevent fraud.
The IRS says that if you choose direct deposit, they will begin releasing these refunds on Feb. 15, but taxpayers should not expect to see them deposited into their bank accounts until the week of Feb. 27 – assuming there are no processing issues with the tax return.
You can use Where's My Refund? on IRS.gov and the IRS2Go mobile app which will be updated with projected deposit dates for early EITC / ACTC refund filers a few days after Feb. 15.
Avoid Errors: Get It Right
Remember -- Taxpayers are responsible for the accuracy of their tax return even if someone else prepares it for them. Deliberate errors can have lasting impact on future eligibility to claim EITC and leave taxpayers with a penalty.
Be sure to reply promptly to any letter from the IRS requesting additional information about EITC. If taxpayers need assistance or have questions, call the number on the IRS letter.
This information comes from IRS Issue Number IR-2017-12
Workers, self-employed people and farmers who earned $53,505 or less in 2016 could receive larger refunds if they qualify for the EITC. Unlike most deductions and credits, the EITC is refundable. In other words, those eligible may get a refund from the IRS even if they owe no tax. Last year, more than 27 million eligible workers and families received almost $67 billion in EITC; with an average EITC amount of more than $2,455!
Our volunteers at the Northland Free Tax Assistance program will help you see if you qualify for this refund.
Be sure to bring along all required documents and information listed on the What do I Bring section here.
Note that 2017 Refunds Will Be Delayed. A new law approved by Congress requires the IRS to hold refunds claiming the EITC and the Additional Child Tax Credit (ACTC) until Feb. 15. By law, the IRS must hold the entire refund — even the portion not associated with EITC or ACTC. This change helps ensure taxpayers receive the refund they are owed by giving the agency more time to help detect and prevent fraud.
The IRS says that if you choose direct deposit, they will begin releasing these refunds on Feb. 15, but taxpayers should not expect to see them deposited into their bank accounts until the week of Feb. 27 – assuming there are no processing issues with the tax return.
You can use Where's My Refund? on IRS.gov and the IRS2Go mobile app which will be updated with projected deposit dates for early EITC / ACTC refund filers a few days after Feb. 15.
Avoid Errors: Get It Right
Remember -- Taxpayers are responsible for the accuracy of their tax return even if someone else prepares it for them. Deliberate errors can have lasting impact on future eligibility to claim EITC and leave taxpayers with a penalty.
Be sure to reply promptly to any letter from the IRS requesting additional information about EITC. If taxpayers need assistance or have questions, call the number on the IRS letter.
This information comes from IRS Issue Number IR-2017-12