The 411 on the Earned Income Tax Credit

What is the Earned Income Tax Credit?

For the last 40 years, the Earned Income Tax Credit (EITC) has made life better for millions of workers. And just like them, you may have extra money waiting for you - up to $6,318 if you qualify and claim the credit. Sadly however, one in five individuals misses this credit. If you or someone you know earned less than $53,930 from wages, runs a business or farm, or uses Form 1099 MISC, check it out.

Do I qualify?

It’s easy to find out if you qualify. Use the EITC Assistant, a free resource, and answer questions about yourself and other family members to see if you qualify and estimate the amount of your credit.

EITC eligibility depends on several factors, including income and family size. If you don't have a qualifying child and earned under $20,600, find out if you qualify for a smaller credit, worth as much as $510. Even if you don’t qualify for EITC, other tax credits are available for which you may qualify. It's easy to find free tax help to prepare and file your taxes.

How can I file my tax return?

Use the VITA locator tool on IRS.GOV to find a volunteer site near you. Or, you can prepare and e-file your own taxes with brand-name software using IRS’s Free File