Tax Credits

The Earned Income Tax Credit and the Child Tax Credit may be able to help you and your family maximize your refund and keep more of your hard-earned money. As tax season approaches, it is important to know what credits are available to you and plan ahead to take advantage of these benefits. Visit United Way of North Carolina’s informational page to learn more. 

What is the Earned Income Tax Credit? 

The earned income tax credit (EITC) is a refundable tax credit for low- to moderate-income working families, ranging from $529 to $6,660. The amount of EITC benefit depends on a recipient’s income and number of children. 

What is the Child Tax Credit? 

The Child Tax Credit is a refundable tax credit worth up to $3,000 per child for children over the age of 6 and $3,600 for children under the age of 6. Families will receive the full credit if their income is up to $150,000 (couple) or $112,500 (single parent). If a family makes more than $150,000, they will receive a smaller payment from the Child Tax Credit. 

Qualifying families will receive the Child Tax Credit in monthly payments starting in July, 2021. For every child 6-17 years old, families will get $250 each month, and for every child under 6 years old, families will get $300 each month.

Learn more about the Child Tax Credit by visiting whitehouse.gov/child-tax-credit

Where can I get help with my tax return? 

  • My Free Taxes – Through United Way’s partnership with H&R Block, every household with a simple return can file their federal and state taxes for free.
  • VITA (Volunteer Income Tax Assistance) sites – available across North Carolina. Click here to find a site near you.

Where can I learn more about tax credits and VITA sites? 

Visit United Way of North Carolina’s informational page to learn more about how to prepare for tax season. 

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