Press Alt+1 for screen-reader mode, Alt+0 to cancelAccessibility Screen-Reader Guide, Feedback, and Issue Reporting | New window
    Back to glossary
    GeneralEarned Income Tax Credit

    EITC

    A refundable federal tax credit for working individuals and families with low-to-moderate income, with credit amounts that increase with earned income up to a maximum then phase out — designed to incentivize and reward work.

    The maximum EITC for tax year 2024 is approximately $7,830 for families with three or more qualifying children. Even people who owe no federal income tax can receive a refund through the EITC.

    → Use the IRS EITC Assistant or BenefitKarma's tools to estimate your credit.

    Also known as

    Earned Income Tax Credit

    Take the next step

    Frequently asked questions about EITC

    What is Earned Income Tax Credit (EITC)?+

    A refundable federal tax credit for working individuals and families with low-to-moderate income, with credit amounts that increase with earned income up to a maximum then phase out — designed to incentivize and reward work. The maximum EITC for tax year 2024 is approximately $7,830 for families with three or more qualifying children.

    Who qualifies for EITC?+

    Eligibility rules vary. Use BK's free Benefit Eligibility Screener to see if you may qualify based on your situation.

    How do I apply for EITC?+

    BenefitKarma's free Benefit Eligibility Screener can point you to the right application path.

    Where can I get help?+

    Use BenefitKarma's free Benefit Eligibility Screener to see what programs you may qualify for. The Find Benefits tool tool also lets you browse programs by state.

    Your Privacy Matters

    We use cookies for site analytics and to improve your experience. Marketing and personalization stay off unless you opt in. Privacy Policy. You can customize your preferences anytime.