In some cases the EIC can be greater than your total income tax bill , providing an income tax refund to families that may have little or no income tax withheld from their paychecks. This is not a tax table. To find your credit, read down the At least - But less than columns and find the line that includes the amount you were told to look up from your EIC Worksheet. Then, go to the column that includes your filing status and the number of qualifying children you have. Estimate Your Taxes Now.
Prepare and e-File Your Tax Returns Now at eFile.
Get Your Biggest Tax Refund Faster. Enter your Filing Status, Number of Qualifying Children, and your AGI. If you qualify, the tax credit lowers the amount of taxes you are required to pay. It is refundable, which means that if the credit is worth more than you owe, you get the rest of the money back in your tax refund.
What is the earned income tax credit and how does it work? Where do I enter the earned income tax credit? Who is eligible for the EITC? What qualifies you for earned income tax credit?
The maximum amount of income you can earn and still get the credit has increased.