Is there a low income tax credit?

I had heard if you make under a certain amount you automatically qualify for a $500 low income tax credit, is this true?

Is there a low income tax credit?

if you have or support a child. its called EARNED INCOME CREDIT.

Is there a low income tax credit?

i believe so

Is there a low income tax credit?

For a current tax return, there is an Earned income credit. It%26#039;s not guaranteed.

There is TALK, no bill yet, of a stimulus plan that may send out some money to every taxpayer.

Is there a low income tax credit?

The earned income credit is a refundable credit you may qualify. You do not have to have a qualifying child if you are between the ages of 25 and 65 and earned less then 12,880 or 15,880 if married filing jointly. The max credit without a child is 428.. If you have qualifying children the income and credit is much higher depending on how many children you have