The Earned Income Tax Credit (EITC) has supported low- to moderate-income American workers for 50 years, yet many eligible taxpayers still miss out. According to the IRS, one in five taxpayers doesn’t claim this valuable credit. Wondering if you qualify or how to apply? Here’s your guide.
Requirements
The EITC is designed to encourage work and help lift families out of poverty. To claim it, you need to meet certain eligibility criteria, primarily based on your income, marital status, and number of qualifying children. An important tool to start with is the EITC Assistant, an online resource that checks your eligibility based on your personal circumstances.
Steps
Filing for the EITC begins with submitting your tax return. You must file Form 1040 (U.S. Individual Income Tax Return) or Form 1040-SR (U.S. Tax Return for Seniors). If you’re claiming the credit for a qualifying child, you’ll also need to complete Schedule EIC (Form 1040 or 1040-SR), which is specifically for the Earned Income Credit.
Eligibility
EITC eligibility depends on your income and the number of qualifying children. Here are the 2024 income limits that apply for the 2025 tax season:
| Number of Children | Income Limit (Single) | Income Limit (Married) |
|---|---|---|
| No children | $18,591 | $25,511 |
| 1 child | $49,084 | $56,004 |
| 2 children | $55,768 | $62,688 |
| 3 or more children | $59,899 | $66,819 |
Additionally, your investment income must be $11,600 or less to qualify.
Filing
The EITC provides significant financial relief, but only if you take the right steps to claim it. Filing your taxes correctly and including the necessary forms is essential. Use the IRS’s EITC Assistant to verify your eligibility, gather your tax documents, and submit your return. If you have children, don’t forget to attach Schedule EIC to maximize your benefit.
The EITC can provide essential financial support to working families, but many eligible taxpayers miss out each year. Don’t be one of them. Check your eligibility, file your tax return properly, and claim the credit you deserve.
FAQs
What is the EITC?
The EITC is a tax credit for low- to moderate-income workers.
How do I apply for the EITC?
File Form 1040 or 1040-SR and Schedule EIC if claiming children.
Who is eligible for the EITC?
Workers with incomes below set limits based on family size.
What is the income limit for EITC in 2025?
Income limits range from $18,591 to $66,819 depending on family size.
Can I apply for EITC with investment income?
Yes, if your investment income is $11,600 or less.
