Earned Income Tax Credit: The Tax Refund That Could Change Your Year
The Earned Income Tax Credit (EITC) is one of the most powerful anti-poverty programs in America, yet millions of eligible families do not claim it. This refundable credit could put thousands of dollars in your pocket.
Who Qualifies?
- You must have earned income from work
- Income limits depend on filing status and number of children
- Investment income must be below $11,600
- You must file a tax return to claim it
How Much Can You Get?
For 2024 tax returns, the maximum EITC is about $7,830 for families with three or more children. Even workers without children can receive up to $632. The credit is refundable, meaning you get money back even if you owe no taxes.
Free Tax Preparation
VITA (Volunteer Income Tax Assistance) sites offer free tax preparation and will make sure you get all credits you deserve. Find a site at IRS.gov/VITA or call 211.
