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Earned Income Tax Credit (EIC) Calculator
Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for the current tax year.
Information and interactive calculators are made available to you as self-help tools for your
independent use and are not intended to provide investment advice. We cannot and do not guarantee their
applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are
for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding
all personal finance issues.
How to calculate your tax refund
For the tax calculators below, be sure to have your 1099 or W-2 form handy and be ready to answer a few basic questions about your filing status, income, deductions, and credits.
The Earned Income Tax Credit, or EITC, was designed to help taxpayers working hard to make ends meet. The EITC can reduce the amount of taxes you owe, and can be refunded to you when the amount of credit is greater than your taxes. This can mean a bigger refund and, in many instances, that refund could be even more than you actually paid in taxes.