
- Image via Wikipedia
This is a somewhat well known refundable credit. Single people without kids can get this credit but it is very small. When you have 1,2 or up to 3 kids you can get this credit of up to $5,657. I’ve seen many people in the returns I’m doing who put less than $100 taxes into the system get back checks for $5,342, $7,657 and some over $11,000.
This may not seem fair to you but it’s the way the system works.
And there’s a big push to make sure more people know about it because millions of dollars are being left on the table from people who don’t know any better. Here’s a story just about Ohio’s statistics for this credit.