This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. The Earned Income Tax Credit (EITC) can reduce taxes and increase refunds for low- to moderate-income workers ...

To annualize income based on less than one year of data, multiply total earned income by the ratio of the number of months in a year divided by the number of months for which income data is available.

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Personal net income is calculated as the total amount of revenue earned less the total amount of personal expenses. This differs from gross income which limits what can be deducted from total ...

The earned income tax credit (EIC or EITC) is for low- and moderate-income workers. See qualifications and credit amounts for 2024 and 2025. Many, or all, of the products featured on this page are ...