In 2011, Florida taxpayers claimed a whopping $4.5 billion in federal money that was returned to our state via the EITC. Nearly two million Florida taxpayers received an economic boost averaging $2,260. With a population just over 19 million, this means an estimated 20% of Florida’s citizens were able to take advantage of the EITC last year. This federal support for working families is our government’s main tool in fighting poverty. And yet, many taxpayers are still unaware that the EITC is available to them.
Who is eligible? Among other qualifying factors, you must have:
- Earned income in 2011
- A valid social security number
- No more than $3,100 in investment income
- Joint tax-filing status if you are married
- U.S. Citizenship or Resident Alien status for past year
Income guidelines for 2011 (for Individuals/Married):
- $13,660/$18,740 with no qualifying child
- $36,052/$41,132 with one qualifying child
- $40,964/$46,044 with two qualifying children
- $43,998/$49,078 with three or more qualifying children
You can receive up to:
- $464 with no qualifying child
- $3,094 with one qualifying child
- $5,112 with two qualifying children
- $5,751 with three or more qualifying children
For more information and to check your eligibility, go to www.eitc.irs.gov.
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