Imagine finding out you’ve been leaving thousands of dollars on the table—money that could’ve helped with groceries, bills, or even a family vacation. The government has programs designed to put cash directly into your pocket, but many people miss out simply because they don’t know they qualify. This isn’t about complicated loopholes or hidden tricks. It’s about credits and benefits that could mean real money for your household. The key is knowing where to look—and you might be surprised by the fact you could get over $2,000 across different credits without owing anything.

Households Could Get $2,000+ Every Year

The Child Tax Credit helps families with the costs of raising children. For the 2024 tax year (filed in 2025), it’s worth up to $2,000 per qualifying child. Be aware of important details, as some provisions might revert to pre-2018 levels unless new legislation changes them. Up to $1,700 is refundable, even if you don’t owe taxes, which means you could get money back even if you didn’t pay in. As always, speaking to a professional like a tax expert can help ensure you’re getting the most out of your return.

Who Can Benefit from the Child Tax Credit in 2025?

Both you and your child must meet requirements for the 2024 Child Tax Credit, which will be claimed when you file your taxes in 2025. For married couples filing jointly, the income ceiling phases out at $400,000, and for other filers, it phases out at $200,000. By the end of 2024, your child must be younger than 17. They must be included as a dependent on your tax return, be a citizen of the United States, and have a current Social Security number (SSN).

Other Tax Credits That Can Give Money to Households

The Earned Income Tax Credit (EITC) is another fantastic credit. This is a useful tax benefit intended to help working families and individuals with low to moderate incomes. Even if no taxes are payable, it can frequently result in a refund and drastically lower the amount of taxes owed. The number of qualifying children, filing status, and income all affect the EITC amount; households with more dependents are eligible for greater payments. To qualify, taxpayers must meet specific income limits and filing requirements. Claiming the EITC can provide a substantial financial boost, helping households cover essential expenses and improve their financial well-being.

How Much Could You Get? (Thousands Available)

The amount you could get from the Earned Income Tax Credit (EITC) depends on your income, filing status, and the number of qualifying children you have. For the 2024 tax year, eligible households can receive anywhere from a few hundred dollars to over $7,000. Families with multiple children typically qualify for the highest credit amounts, while individuals or couples without children can still receive a smaller credit. To maximize your EITC, it’s important to file your taxes even if you’re not required to, as you could still be eligible for a refund based on this credit.

Common Places People Lose Out on Money from the Government

Many people miss out on money from the government simply because they don’t know it’s available or don’t realize they qualify. Here are some common places where money often goes unclaimed:

• Tax Credits: Often people skip out on taxes because they think they have to pay money. However, it’s not out of the norm for people to be due money and have to pay nothing in!
• Government Assistance Programs:
  • SNAP (Food Assistance): Many eligible households don’t apply.
  • Medicaid: Some people qualify for free or low-cost healthcare but don’t enroll.
  • Housing Assistance: Rental subsidies and support programs can go unused.
• Other Missed Opportunities:
  • Unclaimed Stimulus Payments: Especially for those who didn’t file taxes during the pandemic.
  • Education Grants: Students may overlook grants that don’t need to be repaid.
  • Energy Rebates: Homeowners miss out on savings for making energy-efficient upgrades.

To avoid missing out, regularly check for programs you may qualify for—even if your situation hasn’t changed. You might be surprised by what’s available! Plus, speaking to your state government directly could mean the most up-to-date information.

The Bottom Line

Don’t let money slip through your fingers simply because you didn’t know it was there. Tax credits like the Child Tax Credit and Earned Income Tax Credit can put thousands of dollars back in your pocket. Don’t skip out on potentially $2,000 or more that could help with groceries, bills, or even a family trip. Government programs and benefits are designed to help families just like yours. However, you have to claim them to get the support. Even if you don’t owe taxes, you could still be eligible for refunds. Take the time to review your options, check your eligibility, and consider speaking to a tax professional. A little effort now could mean big savings for you and your family.