“The earned income limits for the EITC are adjusted every year, so even if taxpayers didn’t qualify for the EITC in the past, they may be able to claim it this year, especially if they had children, changed jobs, or went through another significant life change,” said Alan D. Ferber, Chief Executive Officer at Jackson Hewitt. “The EITC is also one of the largest tax credits available and unfortunately one of the most overlooked credits, according to the IRS, despite the fact that 25 million workers received about $63 billion in EITC refunds in 2019.”

For taxpayers with three or more qualifying children, the EITC could be worth up to $6,557 this tax year. If taxpayers worked last year and earned less than $55,952, they could be eligible for the credit.

The EITC is based on several factors and is a refundable federal tax credit for eligible individuals and families who have earned income from employers, small businesses, side jobs, and self-employment. Taxable earned income includes wages, salaries, tips, and net earnings from self-employment. The credit is used first to reduce any remaining tax liability to zero and because the credit is refundable, money left over is part of the tax refund.

Tax returns are one of the most significant financial transactions that Americans have each year, and Jackson Hewitt Tax Pros are ready to help hard-working taxpayers find every credit and deduction available to them. Visit www.jacksonhewitt.com/officelocator to find the nearest office location. Due to tax laws in place to reduce fraudulent claims for refunds, taxpayers who claim the EITC won’t receive their refund until mid-February.

About Jackson Hewitt Tax Service Inc.
Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead and stands behind its work with its Maximum Refund and Lifetime Accuracy guarantees. Clients can choose to file at one of Jackson Hewitt’s nearly 6,000 franchised and company-owned locations, including 3,000 in Walmart stores and online. Jackson Hewitt makes it easy and convenient for clients to file their taxes. For more information about products, services, and offers, or to locate a Jackson Hewitt office, visit www.jacksonhewitt.com or call 1 (800) 234-1040.

Methodology
The Jackson Hewitt survey was conducted online by Dynata on January 17, 2020, among 1,000 American adults aged 18 and older. Respondents to the survey were selected from those who volunteered to participate in online surveys. One thousand complete surveys were collected using the sample framework based on U.S. Census data for age, ethnicity, gender, region, and income.