The Earned Income Tax Credit - EITC

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. You don't have to worry when you prepare and eFile your taxes on eFile.com if this credit is applied to you or not, as the eFile Tax App will do this for you.

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 (born before 1996) and 65 (born after 1955) let the Earned Income Tax Credit work for you when you prepare and eFile your taxes here on eFile.com! If you 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 start the EITCucator below and get 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

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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!

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.

2020 Earned Income Qualified Children, AGI Limits by Filing Status

2020 EITC Limits
Filing Status
No. Children
Max AGI
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 Plus
$50,954
Married Filing Jointly
Zero
$21,710
Married Filing Jointly
One
$47,646
Married Filing Jointly
Two
$53,330
Married Filing Jointly
Three Plus
$56,844
The Investment income can not exceed $3,650.

 

Tax Year 2020 Maximum EITC Amounts by No. of Children Claimed

2020 Max Credit Amounts
Max. EITC
No. of Qualified Children
$538
Zero
$3,584
One
$5,920
Two
$6,660
Three Plus

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