Earned Income Tax Credit (EITC)

The Earned Income Tax Credit (EITC) is a valuable tax break for low- to moderate-income workers and families. If you qualify, it can help reduce the taxes you owe or even increase your refund. Here’s what you need to know:

1. Qualification: You may claim the EITC if your income is low- to moderate. The amount of the credit varies based on factors like having children, dependents, disability, or other criteria.

2. Claiming the Credit: To claim the EITC, follow these steps:

   • Work Requirement: You must have worked during the year for which you’re claiming the credit.
   • Income Threshold: Your income must be below a certain threshold.
   • Refundable: The EITC is a refundable tax credit, meaning it can result in a refund even if you owe no taxes.

• You can't claim the earned income credit if you file Form 2555, Foreign Earned Income.
• You don't qualify for EITC without a qualifying child unless you, or your spouse if filing a joint return, are between age 25 and 64.