Earned Income Credit Calculator
Use this Earned Income Credit Calculator to estimate potential tax credits for eligible low- and moderate-income workers. Understand how the credit may increase refunds or reduce taxes owed.
Earned Income Credit Calculator
Calculate your eligibility and potential credit amount for the Earned Income Credit (EIC), a refundable tax credit for low-to-moderate-income working individuals and families.
Income Details
Credit Breakdown
Maximum Credit$3,995.00
Initial Credit (34.0% of earned income)$3,995.00
Phase-Out Amount-$466.11
Calculated Credit$3,528.89
Your Results
Earned Income Credit
$3,528.89
refundable credit
Child Category
1 child
Maximum Possible
$3,995.00
Investment Income Limit
To qualify for the EIC, your investment income must be $11,500.00 or less. Your current investment income is $0.00.
Tax Tips
- •The EIC is refundable - you can receive it even if you owe no tax.
- •Having qualifying children increases your maximum credit amount.
- •Keep investment income below the limit to maintain eligibility.
- •Consult a tax professional for complex family situations.