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?
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
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.
Get more from your tax return and learn what tax deductions are available for home purchases with help from the tax experts at H&R Block.
On National Working Parents Day, take some time to learn how the IRS rewards you for all you do. Learn more about child care tax credits and more at H&R Block.
Learn more about Form 8283 for claiming a tax deduction for a charitable donation without a receipt. The H&R Block tax pros explain what qualifies for a deduction.
Learn more about qualified mortgage interest and deducting home mortgage interest from your taxes with the experts at H&R Block.