Earned Income Tax Credit (EITC) Explained

The IRS says one in five eligible taxpayers fail to claim one of the most tax credits available: The Earned Income Tax Credit (also known as the EITC). Are you missing out? In this informative video, Mark Steber (Jackson Hewitt’s Chief Tax Information Officer) breaks down everything taxpayers need to know before filing a federal income tax return this year! Here's what we cover in this video: 00:37 What the Earned Income Tax Credit (ETIC) is 2:19 How much the EITC is worth 2:53 How to qualify for the ETIC 3:37 Understanding what income counts to qualify for the EITC 4:23 What type of income doesn’t count for the EITC 4:57 If the credit is automatically included in your return 5:27 How to claim the EITC 5:57 Other commonly asked questions for the Earned Income Tax credit Don’t get overwhelmed. Watch this video and you’ll gain the knowledge and strategies you need before you file your tax return this year. Read more about the Earned Income Tax Credit here: https://www.jacksonhewitt.com/tax-hel... Have tax questions? We're open all year. Book appointment at https://office.jacksonhewitt.com/en/o... For the latest tax tips, subscribe to Jackson Hewitt: https://www.youtube.com/c/jacksonhewi... #TaxTips #TaxSeason #EITC #EarnedIncomeTaxCredit #TaxCredit #income