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Earned Income Credit (EIC)
Child Tax Credit
NM Low-Income Tax Rebate
CNM's TAX HELP New Mexico Program
2008 New Mexico Tax Rebates
Homebuyer Tax Credits
 
What Is the Earned Income Credit?
 
Am I Eligible?
 
    General Eligibility
 
    Financial Eligibility
 
How Much EIC Will I Get?
 
How Do I Claim the EIC?
 
Frequently Asked Questions
 
Useful Links
 
Glossary of Terms

Am I Eligible?

The Earned Income Credit (EIC) is only available to persons who work. The eligibility rules are explained under the categories of general and financial eligibility listed below.

Claiming the Earned Income Credit will not affect your income eligibility for other programs such as TANF, Medicaid, SSI, SNAP food stamps, or housing assistance. However, if you receive an Earned Income Credit payment and fail to spend it in a certain period of time, it might be counted as an asset and affect your eligibility for programs with asset limits.

Residents of New Mexico who are eligible for the federal Earned Income Credit are automatically eligible for the state Working Families Tax Credit and can claim it when filing a state income tax return.

 You can use the Internal Revenue Service's Earned Income Tax Credit Assistant to help you find out if you are eligible for the EIC and to estimate the amount of your credit.


Click on a category for more information:

  • GENERAL ELIGIBILITY

    The Earned Income Credit is potentially available to low and moderate-income workers provided they meet various rules and restrictions.  Immigrants who are legally authorized to work are eligible to claim the EIC.

  • FINANCIAL ELIGIBILITY

    The Earned Income Credit program has income limits in order to be eligible. These limits vary according to whether or not you care for one or more "qualifying" children.

 
 
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