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Earned Income Tax Credit (EITC)

What is Earned Income Tax Credit (EITC)?

The Earned Income Tax Credit (EITC) is a refundable tax credit for low- and moderate-income workers. If you qualify, you can use the credit to reduce the taxes you owe and maybe increase your refund.

Who is eligible for the Earned Income Tax Credit?

  • You must have at least $1 of earned income (pensions and unemployment don't count).
  • Your investment income must be $3,650 or less.
  • You can't claim the earned income tax credit if you're married filing separately.
  • You must be age 25 but under 65 at the end of the year.
  • You are a U.S. citizen or resident alien.

How to claim this credit?

  • File IRS Form 1040 US Individual Income Tax Return or Form 1040 SR US Tax Return for Seniors
  • If you have a qualifying child, you must also file the Schedule EIC (Form 1040 or 1040-SR), Earned Income Credit

For more information, visit the Internal Revenue Service's Earned Income Tax Credit (EITC) site.