How do I get EIC Credit?

Question: How do I get EIC Credit? (also called EITC Credit / Earned Income Credit)

Answer: In order to get the Earned Income Credit, you need to file a tax return and meet certain guidelines.  To claim EIC credit, you must meet all of the following rules:

  • You, your spouse (if you file a joint return), and dependents must have a Social Security number that is valid for employment
  • You must have earned income.  You cannot claim EIC credit with no employment or income from unemployment insurance, interest or dividend income.
  • Your tax filing status cannot be married filing separately.  It should be single, married filing jointly or widow.
  • You must be a U.S. citizen or resident alien all year
  • You or spouse must be between age 25 to 65 if no dependents.  If you have dependents, the child must not be over 23 years old.

The maximum EIC credit is over $6,600 for the tax year 2020.  If you or your spouse have no dependents, then the maximum EIC credit is $538 for the tax year 2020.

Below are the maximum EIC credit for tax year 2020.

  • $2 to $538 with no qualifying children;
  • $9 to $3,584 with one qualifying child;
  • $10 to $5,920 with two qualifying children;
  • $11 to $6,600 with three or more qualifying children.
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