Are you planning to claim the federal Earned Income Tax Credit (EITC) when you file? You may also be able to claim a refundable version of the Virginia Earned Income Tax Credit equal to 15% of your federal Earned Income Tax Credit.
The Earned Income Tax Credit is for low- and moderate-income workers. Your eligibility, and the amount you’re eligible for, depends on a few factors, including:
- Your filing status
- Your income
- How many children you have
Visit the IRS website for eligibility criteria.