5. Check if you’re eligible for an Earned Income Tax Credit

There are people who aren’t required to pay federal income taxes, so if you’re one of them, we have news for you. The good thing is that you can still get a refund from the American government. For the tax year 2023, the earned income tax credit is actually a refundable tax credit that is up to $7,430. That’s a lot of money.

Experts say that when the officials calculate this, they use a specific formula and also take other criteria into consideration, such as the size of your family as well as your income.

This means that for 2023, for simple taxpayers that have no children, the income limit for the credit range is roughly $17,640, while for married people who file jointly and have at least 3 children, the amount of money goes up to $63,698.