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THE EITC MIGHT RESULT IN MY LOSING OTHER BENEFITS
The EITC does not count as income in determining eligibility for benefits like cash assistance, Medicaid, food stamps, SSI or public housing. Some benefit programs count the EITC as a resource under certain circumstances.
People can work, and also receive cash assistance and still get the EITC or Child Tax Credit. Under federal rules, the EITC and CTC are not counted as income. However, the EITC and CTC can count as resources in determining eligibility for some benefit programs. For SSI, the EITC and CTC do not count toward the resource limits for nine months after the refund is received. The EITC does not count as a resource in food stamps for 12 months after the refund is received, but CTC refunds are excluded only for the month the refund is received and the following month.
Deposits in certain types of Individual Development Accounts (IDAs), which may include a worker’s EITC or CTC refund, do not count as a resource determining eligibility for the above programs or for state cash assistance programs. Currently, no state counts the EITC refund as income in determining eligibility. The rule for most state Temporary Assistance for Needy Families (TANF) programs is that the EITC must be spent by the end of the month in which it is received. Some states may have adopted less restrictive policies. Contact your state welfare agency for the rule in your state.
You Earned It. Claim It!
To find the nearest free tax preparation site you can:
Call: 211 Metro Twin Cities and surrounding areas.
Call 701-235-7335 FirstLink HotLine for the greater
Fargo-Moorhead area.
Search free tax preparation
sites at:
www.taxes.state.mn.us
To find an AARP location near you call 1-888-227-7669 or
Click Here
To find out if you are eligible for the EITC go to IRS EITC Tax Assistance page:
Click Here
