Earned Income and Earned Income Tax Credit (EITC) Tables

The EITC is a refundable tax credit for low- to moderate-income workers and families with children. EITC Tables help determine your eligibility and credit amount based on your income, filing status, and qualifying children.

What is the EITC?

  • A refundable credit, meaning it can reduce your tax bill to zero and even provide a refund.
  • Designed to help offset payroll taxes paid on earned income.
  • Eligibility based on income, filing status, and qualifying children.

What are EITC Tables?

  • IRS-published tables used to determine your EITC amount.
  • Different tables for different filing statuses and numbers of qualifying children.
  • Based on your earned income (wages, self-employment income, etc.).

Benefits of using EITC Tables:

  • Easy and convenient way to estimate your EITC.
  • Free and readily available on the IRS website.
  • No need for complex calculations or software.

How to use EITC Tables?

Step 1: Determine your filing status: Single, married filing jointly, head of household, or qualifying widow(er).

Step 2: Count your qualifying children: Under 19, U.S. citizen/resident, lived with you for more than half the year.

Step 3: Find your earned income: Wages, salaries, self-employment income, and certain military pay.

Step 4: Locate the appropriate table: Matches your filing status and number of children.

Step 5: Find your income range: Locate the income range closest to your earned income.

Step 6: Read the corresponding credit amount: This is your estimated EITC.