A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund.
The Earned Income Tax Credit (EITC), is a benefit for working people who have low to moderate income. The Earned Income Tax Credit reduces your federal tax and could result in a refund. If you qualify, the credit could be worth up to $6,044. The average credit was $2,355 last year. Don’t guess about your EITC eligibility. Use the EITC Assistant tool on IRS.gov. The tool helps you find out if you qualify and will estimate the amount of your EITC.
The best way to file your return to claim EITC is to use IRS Free File. Free help preparing and e-filing your return to claim your EITC is also available at thousands of Volunteer Income Tax Assistance sites around the country.