One of the obligations most United States citizens have is to send a Tax Return to the IRS each year. This causes them to pay their taxes or get a Tax Refund, which is a stimulus check that can be very large for some Americans.
And within this Tax Return we can include something to make the Tax Refund bigger. However, some Americans forget that they can do this or simply don’t know that they have access to these types of extra payments. That is why Americans do not apply for Tax Credits.
Well, one of the good news in this regard is that we could request these Tax Credits to the IRS after sending the Tax Return, but with conditions. We will not always be able to do it and we have to take into account the restrictions in this regard.
But a priori all citizens can apply for the Tax Credits for which they are eligible after sending the Tax Return to the IRS. However, we must take a good look at everything related to these economic helps, since each one of them has its own requirements.
Can I apply for the EITC after sending the Tax Return to the IRS?
According to the information on the IRS website, it is possible to apply for the EITC or any other Tax Credit after submitting the Tax Return. The only thing to keep in mind is that we cannot apply for Tax Credits from many years ago.
That is to say, the limit of years to apply for the Tax Credit is three. So from the moment we send the Tax Return we will have three years to apply for the Earned Income Tax Credit (EITC).
Therefore, we would be able to claim this help from last year as of today. Likewise, we could also apply for a Tax Refund of this year’s Earned Income Tax Credit (EITC) if we have already sent the Tax Return to the IRS.
This can be a great advantage, since if we have forgotten to file on time, we have extra time to do so. If we do not know how to apply for this type of help, we always have the possibility of hiring a private consultant to help us do it.
In the same way, we can go to an IRS office and consult all the doubts we have about it. We should not miss the opportunity to apply for the Earned Income Tax Credit (EITC) because it can make a big difference in our economy.