Income Tax 1099-G Insert - Unemployment Insurance
EARNED INCOME TAX CREDIT
The Earned Income Tax Credit (EITC) is a tax benefit for people who work full-time or part-time, with low to moderate income. Most taxpayers who are eligible and file for a federal EITC can receive the Maryland state and/or local EITC tax credits.
Households may qualify for the federal and state EITC if, in 2022, you:
- Earned less than $53,057 ($59,187 married filing jointly) with three or more qualifying children
- Earned less than $49,399 ($55,529 married filing jointly) with two qualifying children
- Earned less than $43,492 ($49,622 married filing jointly) with one qualifying child
- Earned less than $16,480 ($22,610 married filing jointly) with no qualifying children
Tax Year 2022 federal maximum credit:
- $6,935 with three or more qualifying children
- $6,164 with two qualifying children
- $3,733 with one qualifying child
- $560 with no qualifying children
Investment income must be $10,300 or less for the year.
NOTE: The allowable Maryland credit is up to one-half of the federal credit.
Here’s how you get the EITC:
If you were raising children in your home in 2022, file federal Tax Form 1040 and attach Schedule EITC. For the Maryland EITC, file Tax Form 502.
To find locations for FREE tax preparation through the IRS Volunteer Income Tax Assistance and Tax Counseling for the Elderly Programs:
- Call 2-1-1 or 1-800-492-0618 (see the 211 Maryland website to learn more); or
- Maryland Relay at 7-1-1.
For more information about the Maryland EITC, visit www.marylandtaxes.gov, call 1-800-638-2937, or 410-260-7980 (if calling from Central Maryland).
DO YOU HAVE HEALTH INSURANCE?
Get covered today.
Maryland Health Connection is a one-stop shop to enroll in a private health or dental plan, Medicaid or, or the Maryland Children’s Health Program (MCHP). Last year, 9 out of 10 people qualified for free or low-cost coverage.
Many people can enroll now.
Even though open enrollment has ended for 2023 plans, you still may be able to get covered if you’ve recently experienced a major life event such as losing your job-based health coverage, getting married or divorced, or turning 26 and moving off your parent’s insurance. See if you’re eligible at: marylandhealthconnection.gov/howto-enroll/special-enrollment/. If you qualify for Medicaid, you can enroll anytime.
- If you bought a health plan through Maryland Health connection and got financial help paying your premiums, you MUST file taxes.
Tell Maryland Health Connection about any changes in your income or household so you receive the right amount of financial help. Otherwise, you could owe more at tax time.
- Bring Form 1095 to your tax preparer.
You’ll receive Form 1095 from anyone who provides you with health insurance, including your employer, your health plan, or Maryland Health Connection.
For more information, visit:
If you have difficulty using a standard telephone, call Maryland Relay at 7-1-1.