Earned Income Tax Credit (EITC) Calculator
EITC Estimator
Estimate your Earned Income Tax Credit based on income and family size
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Formula
EITC = min(earned income x credit rate, max credit) during phase-in; max credit on plateau; max(0, max credit - (income - phase-out start) x phase-out rate) during phase-out
Frequently Asked Questions
What is the Earned Income Tax Credit?
The EITC is a refundable federal tax credit for low-to-moderate income workers. The credit amount depends on your earned income, filing status, and number of qualifying children. For 2024, the maximum credit ranges from $600 (no children) to $7,430 (3+ children).
Who qualifies for the EITC?
You must have earned income (wages, self-employment), meet income limits, have a valid SSN, be a U.S. citizen or resident alien, not file as married filing separately, and have investment income of $11,600 or less. Age requirements apply if you have no qualifying children (25-64).
Is the EITC refundable?
Yes, the EITC is fully refundable. If the credit exceeds your tax liability, you receive the difference as a refund. You must file a tax return to claim it, even if you have no filing requirement.
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