Westchester County

EITC Explained

EITC Explained

The Earned Income Tax Credit (EITC) is a federal tax credit available to working families and individuals with modest incomes. Many eligible Westchester residents do not know about this credit and therefore do not claim it. Depending on your income, marital status and size of family, the tax credit for tax year 2013 will be as much as $8,106. The maximum credits are subject to change since the final New York State and New York City threshold limits have not been finalized.

To qualify, you must file certain tax forms with your federal and state income taxes. The federal form is 1040 or 1040A with Schedule EITC. The state form is Form IT-215.

Who Qualifies for EITC
Below is information for tax year 2013. The potential maximum tax credit includes federal, state and New York City credits and depends on income, marital status and number of children in the household. Children can be a son, daughter, grandchild, adopted child, step child or foster child as long as the child is under 19 years of age.

  • Single (ages 25-65)
    With no children
    Maximum income to be eligible: $14,340
    Maximum tax credit: $653
     
    With one child
    Maximum income to be eligible: $37,870
    Maximum tax credit:  $4,359

    With 2 children 
    Maximum income to be eligible: $43,038
    Maximum tax credit: $7,205

    With 3 or more children 
    Maximum income to be eligible: $46,227
    Maximum tax credit:  $8,106

  • Married/filing jointly  (ages 25-65)
    With no children
    Maximum income to be eligible:  $19,680
    Maximum tax credit: $653

    With one child
    Maximum income to be eligible: $43,210
    Maximum tax credit:  $4,359

    With 2 children  
    Maximum income to be eligible:  $48,378
    Maximum tax credit:  $7,205

    With 3 or more children  
    Maximum income to be eligible:  $51,567
    Maximum tax credit:  $8,106