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The Earned Income Tax Credit - EITC or EIC

EITC - Earned Income

The Earned Income Tax Credit - EITC or EIC - is a refundable tax credit aimed at helping families with low-to-moderate earned income. During 2019, 25 million taxpayers received about $63 billing in Earned Income Credit. When you prepare and e-file your taxes with eFile.com, the Tax App will determine if this credit can be applied to your 2020 Tax Return and automatically report it on your Form 1040. It will also help you find and claim any tax credits or tax deductions that apply to your tax situation. 2020 Taxes are due April 15, 2021.

Attention: If your earned income was higher in tax year 2019 than in tax year 2020, you can use the 2019 amount to calculate your EITC for 2020. This temporary relief is provided through Tax Relief Act of 2020. Important 2020 Update: Please read these important 2020 EITC instructions as you can enter either 2019 or 2010 income amounts for the the EITC calculation on your 2020 return. These same income rules apply in 2020 for the Additional Child Tax Credit.

Use this simple EITC worksheet to get an easy overview if you qualify or not.

  • Generally, if your 2019 or 2020 income (e.g. W-2 income wages and/or net earnings from self-employment plus certain disability payments etc.) was less than $56,844 you might qualify for the Earned Income tax credit. Remember, on your 2020 return you can use the 2019 or 2020 income to determine your EITC: follow these instructions.
  • The EITC can be as much as $6,660 for a family with qualifying children.
  • Taxpayers who don’t have a qualifying child might qualify for up to $538.

The safest way to figure this out, is to start a free return on eFile.com and estimate this. You don't pay of have to e-File to do this. Attention: Do not rush the EITC section. Contact us if you have questions.

You may qualify for the EITC if your 2020 taxable income is at a certain level and you have at least one dependent or qualified child - or if you don't have children but are between the ages 25 and 65. Let the Earned Income Tax Credit work for you when you prepare and eFile your taxes here on eFile.com! If you can claim the EITC or EIC, it would reduce the taxes you might owe and/or trigger or increase your tax refund. The credit lifts over 6 million people - including over 3 million children - out of poverty each year.

The easiest way to find out if you are eligible or qualify is by starting the EITCucator below and getting your personal answer about the Earned Income Credit on your 2020 Return, due on April 15, 2021. Simply answer the "Yes" or "No" questions until the EITCucator provides you with your final answer!

The eFile.com Earned Income Credit Tool

Can I Claim the Earned Income Tax Credit
For Tax Year 2020

Start EITCucator

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Can I Claim the Earned Income Tax Credit
Do you, your spouse (if filing jointly), AND all Qualifying Children have a valid SSN?
Do you have earned income, such as taxable wages, salaries, tips, or net self- employment earnings?
Select Your Filing Status
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 2555/2555-EZ (Foreign Earned Income)?
Is your investment income for the tax year less than $3,650?
How many Qualifying Children, who are 18 or younger as of December 31 of the tax year, do you have?
Were you at least 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?
What is your Adjusted Gross Income?
$

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.

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Yes, based on the information you entered, it looks like you qualify for the Earned Income Credit! It looks like you may qualify for a credit up to  . Start a tax return on efile.com to claim your credit!
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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! Read more about the Earned Income Tax Credit.

Claiming the EITC is easy if you prepare your tax return on eFile.com! The online tax app will automatically determine if you qualify for the Earned Income Credit. If you qualify, eFile.com 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 Tax Calculator, or TAXstimator, to calculate and estimate your tax refund (or taxes owed) for the current tax year. After e-filing, use the free DATEucator to estimate when you may receive your refund.

2020 Earned Income Qualified Children, AGI Limits by Filing Status

Below, find limits outlined to qualify for the EITC. The table is organized by filing status, number of children or dependents, and your maximum Adjusted Gross Income, or AGI. These three factors are key in determining your eligibility for claiming the EITC.

2020 EITC Limits
Filing Status
Number of Children
Income Limit 2019/2020
Single, Head of Household, or Widowed
Zero
$15,820
Single, Head of Household, or Widowed
One
$41,756
Single, Head of Household, or Widowed
Two
$47,440
Single, Head of Household, or Widowed
Three or More
$50,954
Married Filing Jointly
Zero
$21,710
Married Filing Jointly
One
$47,646
Married Filing Jointly
Two
$53,330
Married Filing Jointly
Three or More
$56,844
The investment income can not exceed $3,650.

 

Tax Year 2020 Maximum EITC Amounts by Number of Children Claimed

This table displays the maximum credit amount when claiming the EITC. The amount is directly related to number of children.

2020 Max Credit Amounts
Maximum EITC
Number of Qualified Children
$538
Zero
$3,584
One
$5,920
Two
$6,660
Three or More

 

Find additional Earned Income Credit Information or see what your Earned Income Tax Credit Dollar Amount might be.

How to Claim the Earned Income Tax Credit for a Previous Tax Year

If you need to claim the EITC for a previous year by filing a tax amendment, start by determining your eligibility with these calculators below.

2019 Earned Income Credit Calculator | 2018 EITCuator | 2017 EITCucator2016 EITCucator2015 EITCucator.

Prepare to prepare your 2020 Tax Return with eFile.com and see why eFile has become trusted amongst taxpayers. See our promises and compare to other tax preparation services to see for yourself!

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