You claim the Earned Income Tax Credit

audit red flags earned credit

Fraudsters love the Earned Income Tax Credit, a refundable credit of as much as $6,000 depending on your income and how many children you have (the more children, the bigger the credit). That's why the IRS tries to make sure that this credit is only doled out to people who deserve it.

Related: Beware these 'dirty dozen' tax scams

To find out if you qualify for the EITC, use this tool on the IRS website. And if you claim the credit, make sure you have documentation including the Social Security numbers for all of your children and proof that they live with you -- like letters from their schools or doctors that were sent to your address, said Giovetti.

First published March 9, 2015: 10:35 AM ET

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