What is the EIC or EITC and do I qualify?

The Earned Income Tax Credit (EITC or more commonly, EIC) is a tax credit for working people with low or moderate income who have earned income. The amount of the credit depends on your filing status and exactly how much you earned.

If you qualify, you could pay less federal tax or even get a tax refund, but you must file a tax return. Some general requirements include:

  • You and any qualifying child must have a valid Social Security number (Individual Taxpayer Identification Numbers, or ITINs, don't qualify).
  • Your filing status can't be married filing separately (MFS).
  • You can't have investment income greater than $3,600 for 2019.
  • You must be a U.S. citizen or resident alien for the entire year.
  • You must have earned income from employment or self-employment.

TurboTax will calculate the credit and prepare the proper forms based on the information you provide.

Can I get the EIC if I don't have a child or dependent?

You might still be eligible. The amount of the credit and the ability to qualify for it is influenced by having Qualified Children, but some people still qualify for the credit even if they don’t have children.

For more answers to common EIC questions, see the IRS Earned Income Tax Credit (EITC) page.

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