To qualify for the EITC, you must:
- Show proof of earned income.
- Have investment income below $3,650 in the tax year you claim the credit.
- Have a valid Social Security number.
- Claim a certain filing status.
- Be a U.S. citizen or a resident alien all year.
-follow these links for more information on the EITC-
Earned Income Credit - TurboTax Tax Tips & Videos
5 Facts About the Earned Income Tax Credit - TurboTax Tax Tips
The CTC is worth up to $2,000 per qualifying child, but you must fall within certain income limits. For 2020 and 2021, you can claim the full CTC if your income is $200,000 or less ($400,000 for married couples filing jointly). You may still qualify for a partial credit if your income is above that limit.
-follow these links for more information on Child Tax Credit-
2020 Child Tax Credit Calculator and Top 7 Requirements ...
Child Tax Credit - TurboTax Tax Tips & Videos
