The following page is for informational and educational purposes only. It is not legal advice and it does not create an attorney-client relationship with our clinic. If you need help please Contact Us.
Earned Income Tax Credit
The Earned Income Tax Credit, or EITC, is a tax credit from the government that applies if your family works and earns a certain amount of money. It’s meant to help families, especially those with lower incomes.
Who Gets It?
Families that work and earn a moderate income can get this credit. it’s especially helpful if you have children.
How Does it Work?
The EITC is a refundable credit, which means that if the EITC if more than what you owe in taxes, you can get the extra money added to your refund. So, if your family qualifies, the EITC will make your tax return bigger.
More for Families with Children
If you have children, the EITC can be even bigger. The government gives more money back to families with children.
It Helps Working Families
The EITC is designed to encourage families to work. The more a family works and earns, the more EITC they might get.
What is Adjusted Gross Income (AGI)?
Adjusted Gross Income (AGI) is the amount of income you make in a year minus your tax deductions, like student loan interest or retirement payments.
Below is a chart showing how much of the EITC you may qualify for in the 2023 tax year in 2024:
