Do I Qualify for the Earned Income Tax Credit (EITC)?
The Earned Income Tax Credit (EITC), is a refundable tax credit aimed at helping families with low to moderate earned income. If you work, let the EITC work for you! The Earned Income Tax Credit will reduce the taxes you owe and will even be refunded to you if you do not owe taxes on your return. The credit lifts over 6 million people (including over 3 million children) out of poverty each year.
Are you Single? No children? The EITC still might work for you. Check out our EICucator tool below to see if you qualify!
The "EICucator" or Earned Income Tax Credit Educator
Find out now if you qualify for the Earned Income Tax Credit by using the EICucator tool below. Simply answer the "Yes" or "No" questions until the "EICucator" provides you with your final answer!
Can I Claim the Earned Income
Tax Credit For Tax Year 2015?
Do you have earned income, such as taxable wages, salaries, tips, or net self- employment earnings?
Were you a U.S. citizen or resident alien for ALL of the tax year?
Are you a nonresident alien married to a U.S. citizen or resident alien with whom you are filing jointly?
Are you able to be claimed as the Qualifying Child of another taxpayer for the purpose of the Earned Income Credit?
Are you filing Form 2555 (Foreign Earned Income)?
Are you filing Form 2555-EZ?
Is your investment income for the tax year less than $3,400?
If you do NOT have a Qualifying Child:
(Answer "Yes" if you DO have a Qualifying Child)
-Were you older than 25 AND younger than 65 on the last day of the tax year?
-Did you live in the U.S. for more than half of the tax year?
(If you DO have a Qualifying Child, answer "Yes")
Is your adjusted gross income MORE than:
- $14,820 if you have No Qualifying Children ($20,330 if Married Filing Jointly)?
- $39,131 if you have 1 Qualifying Child ($44,651 if Married Filing Jointly)?
- $44,454 if you have 2 Qualifying Children ($49,974 if Married Filing Jointly)?
- $47,747 if you have 3 or more Qualifying Children ($53,267 if Married Filing Jointly)?
No. According to the information you have provided, you do not qualify for the Earned Income Credit.
There may be other tax credits available for you. When you prepare your tax return on efile.com, the online tax software will identify and calculate every credit for which you qualify.
Yes, based on the information you entered, it looks like you qualify for the Earned Income Credit! Start a tax return on efile.com to find out how much your credit will be!
Only about 80% of taxpayers who are eligible for the Earned Income Tax Credit claim it. Don't miss out on the money you deserve!
Find Out How Much Your Credit May Be
Use the tool below to help you determine how much your Earned Income Tax Credit may be. Enter your Filing Status, Number of Qualifying Children, and your AGI. Be aware that if you are Married Filing Separately, you will not qualify for the Earned Income Tax Credit.
|Maximum Adjusted Gross Income for the EITC for Tax Year 2015
|Before you start the EICucator, you may want to make sure your income is not over the maximum:
||With 0 Qualifying
|With 1 Qualifying
|With 2 Qualifying
|With 3 or More Qualifying
|Single or Head of Household
|Married Filing Jointly
Once you determine if you are eligible for the EITC, here are the maximum credit amounts that you might qualify for in 2015:
- $503 with no Qualifying Children
- $3,359 with 1 Qualifying Child
- $5,548 with 2 Qualifying Children
- $6,242 with 3 or More Qualifying Children
See all of the requirements for the EITC or Earned Income Tax Credit.
How Do I Claim the Earned Income Credit on My Tax Return?
Claiming the EITC is easy if you prepare your tax return on efile.com! The online tax software will automatically determine if you qualify for the Earned Income Tax Credit. If you qualify, the software will calculate the correct amount of your credit and fill out the right forms for you to claim it.
Once you have determined your EITC eligibility we suggest you use the FREE Tax Calculator, or "TaxStimator", to calculate and estimate your tax refund (or taxes owed) for the current tax year.