For 50 years, the Earned Income Tax Credit (EITC) has provided essential tax relief to low- and moderate-income workers in the U.S. Despite its benefits, one in five eligible taxpayers fail to claim it each year.
If you’re unsure whether you qualify, knowing the eligibility requirements and how to claim the credit can ensure you receive the financial support you deserve.
Who Qualifies?
Eligibility for the EITC depends on several factors, including marital status, number of children, and income level. The IRS provides an EITC Assistant, an online tool that helps taxpayers determine if they qualify.
Below are the income limits for the 2024 tax year, based on the number of children:
| Number of Children | Income Limit (Single) | Income Limit (Married) |
|---|---|---|
| 0 | $18,591 | $25,511 |
| 1 | $49,084 | $56,004 |
| 2 | $55,768 | $62,688 |
| 3 or more | $59,899 | $66,819 |
Investment income limit: $11,600
To qualify, you must have earned income (from wages, self-employment, or certain disability benefits) and file a tax return, even if you don’t owe taxes.
How to Claim
Since the EITC is a tax credit, you must file a tax return to receive it. The IRS does not automatically apply the credit. Here’s how you can claim it:
- File Your Tax Return – Even if you don’t owe taxes, you must file a return to receive the EITC.
- Use IRS Free File – You can file electronically through IRS Free File, a free online service that provides tax preparation software.
- Check Your Eligibility – Use the EITC Assistant on the IRS website to confirm whether you qualify.
- Submit Before the Deadline – Ensure you file your taxes before the IRS deadline to claim your credit.
EITC
The EITC helps reduce tax burdens and provides refunds that can make a huge difference for families living paycheck to paycheck. For some, it can mean catching up on bills, covering medical expenses, or even saving for the future.
If you think you qualify but haven’t claimed the EITC, take the time to check your eligibility and file your return. This valuable tax aid has been helping working families for five decades—don’t miss out on money that could be yours!
FAQs
Who qualifies for the EITC?
Low- to moderate-income workers who meet IRS income limits.
How do I claim the EITC?
File a tax return and include the EITC on your return.
Do I need children to qualify?
No, but credit amounts are higher for those with children.
What is the income limit for EITC in 2024?
It ranges from $18,591 to $66,819, depending on family size.
Can I file for free?
Yes, through the IRS Free File program online.
