Hurricane Victims Qualify for EITC
The IRS wants taxpayers in hurricane effected areas to know that they may qualify for an increased EITC disbursement. Taxpayers who lived in one of the disaster areas from hurricanes Harvey, Irma or Maria may be able to benefit from a special computation method that is only available to them.
Under this special computation method, taxpayers whose income dropped in 2017 may be able to calculate their 2017 ‘earned income credit’ using their 2016 earned income-if it yields a larger EITC.
For more information, visit the IRS website here.