The Earned Income Tax Credit (EITC) is a refundable tax credit for low-to-moderate income working households. Maximum credit for 2026: $632 (no children), $4,213 (1 child), $6,960 (2 children), $7,830 (3+ children). Income limits scale with family size — fully refundable, so households can receive cash back beyond tax owed. Eligibility requires earned income, valid SSN, US citizen/resident, investment income under $11,950 (2026). EITC is the most significant anti-poverty program in the federal tax code. Many eligible households fail to claim it — IRS Free File and VITA programs help. Claim retroactively for 3 prior years if missed.
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Earned Income Tax Credit
August 22, 2026 · Aditya Gupta
Tax
Related terms
Alternative Minimum Tax
Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure high-income taxpayers pay a minimum. Calculate…
American Opportunity Credit
The American Opportunity Credit provides up to $2,500 per student per year for the first four years of…
Bunching Deductions
Bunching deductions is the strategy of concentrating itemizable expenses into alternating years to exceed the standard deduction in…
Charitable Contribution Deduction
Charitable contribution deductions allow taxpayers who itemize to deduct cash donations to qualified 501(c)(3) charities up to 60%…
Child Tax Credit
The Child Tax Credit (CTC) provides $2,000 per qualifying child under 17, with $1,600 refundable as the Additional…
Deductible Business Expense
A deductible business expense must be both 'ordinary' (common in your industry) and 'necessary' (helpful to the business).…
