Earned Income Tax Credit

Did you know that 1 in 5 eligible workers overlooks the Earned Income Tax Credit (EITC)?

You may qualify for it if you worked at all last year, and earned $52,000 or less from wages, self-employment income, or farming.

Exactly how much the credit will be depends on your income, family size, and other factors. Families with qualifying children can get up to $6,000. The average credit last year was more than $2,300.

The IRS is working hard to raise awareness about the EITC, while also trying to prevent fraudulent claims for the tax credit.

Find out if you qualify by going to IRS.gov and searching for “EITC Assistant”. Get more information at IRS.gov/EITC.


About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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