Are you planning to claim the federal Earned Income Tax Credit (EITC) when you file? Starting with your tax year 2022 Virginia income tax return, you may 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.