Earned Income Credit Calculator

 

Heard of the Earned Income Tax Credit (EIC or EITC)? It’s a credit millions of Americans qualify for, yet 20% who may qualify don’t claim it. The Earned Income Tax Credit is a refundable tax credit that benefits working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund.

What is the EIC Calculator?

eic calculator

Is there an earned income tax credit calculator that does all the difficult work associated with determining your eligibility for the credit? The EIC calculator, otherwise known as the EITC Assistant, is a tool supplied by the IRS that allows you to find out:

  • If you are eligible for EITC
  • If you meet the tests for claiming qualifying child/ren
  • Estimate the amount of your credit

The EITC Assistant will walk you through a series of questions to determine your eligibility, amount, and if your child/ren meet the test for a qualifying child/ren. Here are the sections:

  • Filing status
  • Qualifying child
  • Eligibility
  • Estimator
  • Results

Each section has a series of questions you’ll answer so the IRS can estimate your eligibility and amount.

More Help With the Earned Income Tax Credit Calculator

If you need more assistance with calculating the Earned Income Tax Credit, skip the IRS and let H&R Block help. Whether you make an appointment with one of our knowledgeable tax pros or choose one of our online tax filing products, you can count on H&R Block to help you understand and claim every credit and deduction you qualify for.

Gain access to the EITC Assistant to calculate the EIC now.

Related Topics

Related Resources

Credit for Prior-Year Minimum Tax – Form 8801

Learn about IRS Form 8801 with help from H&R Block. Our tax pros explain how the credit for prior-year minimum tax may affect you.

Truck Driver Tax Deductions

Are you eligible for tax deductions if you're a truck driver? Learn more from the tax experts at H&R Block.

Claiming Tax Benefits For A Nondependent Child

Do you know how to claim child care expenses for a nondependent child? Learn more from the tax experts at H&R Block.

Missouri Income Tax Rate

Do you earn a wage in Missouri? Learn more about the Missouri income tax rate and tax brackets, with help the tax pros at H&R Block.