IRS changes: More Americans eligible for Earned Income Tax Credit in 2022
Source: Douglas Sacha / Getty
According to NBC4i, The Internal Revenue Service says more people without children now qualify for a larger tax break.
The Earned Income Tax Credit is the federal government’s largest refundable tax credit for low- to moderate-income families. Those who qualify can reduce the amount of taxes they owe and get a bigger refund.
In years past, the credit was for eligible working families, but now the age bracket has expanded to include more lower-income workers with no children, according to the IRS.
Get Breaking News & Exclusive Contest in Your Inbox:
The Latest:
- “This Key Belongs to All of Us”: Cathy Hughes on Legacy, Community, and 1,200 Reasons to Keep Going
- Dame Dash Reveals Aaliyah’s Last Texts With Him Before Her Death
- Investigating LeBron James’ $300 Million Loan
- Why The Internet Loves The Padres’ New Owners & Their Viral Press Conference
- Darline Graham’s Win In South Carolina Runoff Reverses Trump’s Losing Streak
- Hip Hop Turns 53: From the Bronx to the World
- Shannon Sharpe Cracks Jokes Over 49ers Owner’s Prostitution Arrest, His Scandal Resurfaces
- What We Need to Know: HBCU News, Dolly Parton Passing & More
- Abdul El-Sayed Talks About Failing Economy While Jesse Watters Predictably Focuses On Culture War [Op-Ed]
- Chris Brown Ordered To Pay Housekeeper $13 Million From Concert Proceeds Over Dog Attack
