The Earned Income Tax Credit

AUSTIN, February 1, 2010 - Texas Comptroller Susan Combs says a slow economy means more Texas families may qualify to claim the Earned Income Tax Credit (EITC) on their federal income tax.

EITC refunds are based on family size and income. For 2009:

Families that earned less than $48,279 and have three or more children may qualify for a tax credit up to $5,657;

Families with two children and income less than $45,295, may qualify for a tax credit up to $5,028;

Families with one child and an income less than $40,463 may qualify for a tax credit up to $3,043; and

Families with no children and earning less than $18,440, may qualify for a tax credit up to $457.

More information about the EITC, printable materials for businesses and community organizations to distribute, the Volunteer Income Tax Assistance program and helpful links to IRS tax forms and publications can be found on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/eitc/.