Income Tax Credit (EITC) sometimes called the Earned Income Credit
(EIC), is a refundable federal income tax credit for low-income working
individuals and families. Congress originally approved the tax credit
legislation in 1975 in part to offset the burden of social security
taxes and to provide an incentive to work. When the EITC exceeds the
amount of taxes owed, it results in a tax refund to those who claim and
qualify for the credit.
qualify, taxpayers must meet certain requirements and file a tax
return, even if they did not earn enough money to be obligated to file a
EITC has no effect on certain welfare benefits. In most cases, EITC
payments will not be used to determine eligibility for Medicaid,
Supplemental Security Income (SSI), food stamps, low-income housing or
most Temporary Assistance for Needy Families (TANF) payments.
Riverside County EITC program provides year-round free tax preparation
assistance through VITA (Volunteer Income Tax Assistance Program) to
residents and encourages asset-development to help families move out of
poverty. The only requirements are a willingness to learn something new
and a desire to help others. For more information, contact program coordinator Charles Clinton lll firstname.lastname@example.org on how you can gain FREE training and certification to prepare taxes for working individuals making less than $60,000.
VITA sites operate from February 1 through October 15. Call our office to make an appointment for year-round tax preparation, 951-955-4900.