Jackson Hewitt Highlights Earned Income Tax Credit Awareness Day for 2025 Tax Season

Jackson Hewitt Celebrates Earned Income Tax Credit Awareness Day



On January 31, 2025, Jackson Hewitt Tax Services® joins hands with the IRS to observe Earned Income Tax Credit (EITC) Awareness Day. This initiative aims to inform taxpayers about one of the most beneficial tax credits available. It's noteworthy that approximately one in five eligible taxpayers still do not take advantage of this credit each year.

The EITC can significantly reduce taxes owed or even increase tax refunds for qualifying individuals, with the potential for credits reaching as high as $7,830. With the IRS having begun to accept and process Federal income tax returns for 2024 on January 27, 2025, Jackson Hewitt's offices across the nation are prepared to assist taxpayers in meeting the April 15, 2025, tax filing deadline.

Mark Steber, Chief Tax Officer at Jackson Hewitt, emphasizes the importance of professional guidance in maximizing tax refunds. He notes that life changes—such as marriage, divorce, or the birth of a child—could render individuals eligible for the EITC for the first time, and they may not realize it. To ensure the most accurate tax filing that secures maximum refunds, consulting with a tax professional is advised.

Jackson Hewitt provides a user-friendly online calculator on their website, allowing clients to assess their potential EITC eligibility and the corresponding credit amounts based on income, filing status, and family size. According to the current guidelines, individuals can receive:
  • - Up to $632 if they have no children;
  • - Up to $4,213 with one child;
  • - Up to $6,960 with two children;
  • - Up to $7,830 with three or more children.

The eligibility criteria are determined by income thresholds, which vary based on the number of qualifying children and marital status, as follows:

Number of Children Filing Status EITC Income Limit
-------------
None Single $18,591
Married $25,511
One Single $49,084
Married $56,004
Two Single $55,768
Married $62,688
Three or more Single $59,899
Married $66,819

As we mark the 50th anniversary of the EITC, Jackson Hewitt and the IRS remain committed to advocating for awareness of this often-overlooked tax credit. Taxpayers should be aware that those who claim the EITC on their 2024 tax return might not see their refunds until mid to late February, as the IRS takes extra precautions to verify these returns against invalid claims.

For more details on EITC eligibility or to locate the nearest Jackson Hewitt office, interested individuals can visit jacksonhewitt.com. With over 5,200 locations, including 2,700 situated inside Walmart stores, finding assistance for tax preparation has never been more accessible. Jackson Hewitt offers a Maximum Refund Guarantee and a Lifetime Accuracy Guarantee, promising reliable service to clients as they navigate their tax responsibilities.

In conclusion, EITC Awareness Day serves as a crucial reminder for taxpayers to ensure they're benefitting from every possible tax credit. By taking advantage of resources like Jackson Hewitt, taxpayers can secure refunds they deserve, contributing positively to their financial well-being.

Topics Financial Services & Investing)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.