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The EIC is a tax credit for certain people who work and have earned income under $63,398. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.
23 wrz 2024 · If you're eligible for the credit, we'll send you a refund in 6-8 weeks, as long as you don't owe tax or any other debts we're required to collect. If we deny the credit, we'll send you a letter of explanation.
Delayed refund for returns claiming the additional child tax credit (ACTC). The IRS cannot is-sue refunds before mid-February 2024 for returns that properly claim ACTC. This time frame applies to the entire refund, not just the por-tion associated with ACTC. Standard mileage rate. The 2023 rate for business use of a ve-hicle is 65.5 cents a mile.
Department 15111. of the Treasury - Internal Revenue Service. Form. (December 2023) Earned Income Credit (EIC) Worksheet (CP 09) Complete this form and determine if you qualify for EIC. Upload your form electronically using the Document Upload Tool or mail in the enclosed envelope.
Claim the EITC for prior years. You have three years to file and claim a refund from the due date of your tax return. If you were eligible, you can still claim the EITC for prior years. For 2023 if you file your tax return by April 18, 2027. For 2022 if you file your tax return by April 18, 2026.
Where's My Refund - Get the status of your refund. News and Updates for Paid Preparers - Learn the rules to properly prepare refundable credit claims. Divorced and Separated Parents - Help divorced or separated parents claim the EITC.
The earned income credit (EIC) is a refundable tax credit for most people who work but do not earn high incomes. The purpose of the EIC is to reduce the tax burden and to supplement the wages of working families whose earnings are less than the maximums for their filing status.
