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Jackson Hewitt® Celebrates Earned Income Tax Credit Awareness Day by Informing Taxpayers on Positive Changes Made to the Credit

JERSEY CITY, N.J., Jan. 27, 2022 /PRNewswire/ -- One of the biggest tax credits is one of the most overlooked tax credits: the Earned Income Tax Credit (EITC). To help ensure everyone who qualifies for the EITC gets it, Jackson Hewitt Tax ServicesA® is participating in this year's EITC Awareness Day, on Friday, January 28, 2022. The EITC is one of the largest tax credits available to eligible taxpayers, valued at up to $6,728 for qualifying taxpayers with three or more children.
Jackson Hewitt® Celebrates Earned Income Tax Credit Awareness Day by Informing Taxpayers on Positive Changes Made to the Credit
"The Earned Income Tax Credit is an incredibly valuable credit and according to the IRS, about 20 percent of taxpayers eligible for the EITC do not claim it each year. But there are requirements that taxpayers must be aware of, in order to be eligible for the EITC," said Mark Steber, Chief Tax Information Officer at Jackson Hewitt. "Most importantly, this credit is based on earned income and adjusted gross income. Unemployment benefits are not considered earned income, but they are part of the adjusted gross income. This means taxpayers who received unemployment benefits in 2021 could have the amount of their EITC impacted."According to the IRS, the maximum EITC amount increased to the following amounts for 2021, meaning taxpayers could get bigger tax refunds than ever before:

$6,728 a?? Credit for three or more qualifying children (up from $6,660)



$5,980 a?? Credit for two qualifying children (up from $5,920)



$3,618 a?? Credit for one qualifying child (up from $3,585)



$1,502 a?? Credit for taxpayers with no children (up from $538)

"We want to make sure no one leaves money on the table this year, because there are thousands of dollars worth of new tax credits. We at Jackson Hewitt help taxpayers track down every credit and deduction that they're eligible for, which is why participating in EITC Awareness Day and bringing awareness to the credit is important to us, now more than ever," said Steber.
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