Earned Income Credit and Child Tax Credit
If you file a tax return for 2021, you may qualify for Earned Income Credit (EIC) of up to about $6,000 if you worked and/or a Child Tax Credit (CTC) of about $1,000 per child if you have minor children who lived with you. Click below for more information: http://www.eitcoutreach.org/learn/tax-credits/earned-income-tax-credit/
Medical Insurance Coverage
If you don’t have insurance, a new tax credit could cover most of the cost of a new plan. The deadline for 2021 plans is over. Some people without insurance may face a penalty. If you still want coverage for the rest of 2021: See if you qualify for a Special Enrollment Period due to a life event like losing other coverage, getting married, or having a baby. For more information on the Special Enrollment Period, please visit: https://www.healthcare.gov/glossary/special-enrollment-period/
See if you qualify for Medicaid or the Children’s Health Insurance Program (CHIP). You can apply for these programs any time. The 2022 Open Enrollment Period runs from November 1, 2021 to January 15, 2022. Get more information at 1-800-318-2596 or www.HealthCare.gov .