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 ...

You can claim the earned income tax credit by filing federal tax return Form 1040 or 1040-SR, for U.S. seniors. If you have a qualifying child, you’ll be required to file a Schedule EIC .

The Earned Income Tax Credit (EITC) reduces tax bills for low-to-moderate-income working families. It's a tax credit that ranges from $560 to $6,935 for the 2022 tax year depending on your filing ...

The EITC is the federal government's most substantial refundable federal income tax credit for low- to moderate-income workers. The credit has been around since 1975 and was intended to offset the ...

President Biden and House Way & Means Committee Democrats have proposed increasing the earned income tax credit (EITC) for workers without children at home – so called “childless” workers ...

In addition to EITC changes, the 2025 tax year brings increased standard deductions. Single taxpayers or those married but filing separately will see their deduction rise to $15,000, an increase ...

The EITC is designed such that each dollar of tax credit eliminates a dollar of tax liability. The credit is fully refundable: this means that with the EITC, if a family’s tax-liability goes ...

The earned income tax credit (EITC) supplements low wages for working people. In 2014, the federal government spent just over $60 billion on the EITC, mainly for working families with children, ...

The Earned Income Tax Credit (EITC) was introduced in the United States to provide a helping hand to lower-income working families, as the idea is that this allows tax filers to re ...

The Earned Income Tax Credit (EITC) reduces tax bills for low-to-moderate-income working families. It's a tax credit that ranges from $560 to $6,935 for the 2022 tax year depending on your filing ...