Tax Tools

What is EITC, Earned Income Tax Credit?

The EITC is the most popular refundable tax credit. EITC or simply EIC, Earned Income Credit, is designed to help working families who have low to moderate income. A “refundable” tax credit means you may be eligible to receive a refund. If there’s a tax liability, the credit is used to reduce the amount of tax you owe. In cases where there is zero tax due, the credit becomes fully refundable.

Whether you worked Full-Time, Part-Time or simply did odd jobs on the side, if you have earned income it may be worth filing your taxes. Approximately 20% of the taxpayers who are eligible for EIC do not actually claim the credit. Even if you aren’t required to file, the Earned Income Credit could mean more money in your pocket!

You work hard all year – let ATC Tax Pros work for you & get you maximum refund!

Want to find out if you qualify for the Earned Income Credit? Use our easy EIC Calculator.
Follow the easy steps below and answer all questions…

EIC Calculator

Did you - or spouse if filing jointly - have earned income in tax year 2024?

i.e. W2, 1099-Misc, Salaries, Tips or any other earned income

Select an option to get started

Do you – your spouse if married filing joint – and all Qualifying Children have a valid Social Security number?

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What is your Filing Status?
Choose one:

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Do you have any Qualifying Children?
If so, how many:

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Where you 25 to 64 years of age as of Dec, 31st 2022?

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Did you live in the U.S. for more than 6 months in 2022?

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What was your Adjusted Gross Income (AGI) in 2024?

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Congrats!

Based on the information you entered, you qualify for the Earned Income Credit!

Your Qualified EIC is

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Sorry, based on the info you provided, you do not qualify for this credit.

However, you may qualify for other credits and/or deductions. ATC Tax Pros are ready to assist.

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*NOTE: One cannot qualify for the Earned Income Credit unless ALL of the following apply:

  • Must not file Foreign Income (Form 2555 | 2555-EZ)
  • Must not have investment income greater than or = to $11,600
  • Must not be a Qualifying Child for the purpose of EIC on someone else’s return
  • Must be a Citizen or a Resident Alien for the ENTIRE year. * EXCEPTION * in cases where one is a non-resident alien who is married to a U.S. Citizen or Resident Alien and filing a joint return

Affordable Care Act (ACA)

Affordable Care Act (ACA) – Form 1095-A and what it means for your taxes

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2 Free Tax Preparation refers to a Federal Short Form. Long forms discounted with price match (excludes online tax returns). Some restrictions may apply. Limited time offer, see store for details.

3 Free Tax Loans refer to ATC Bonus1 Loan which has 0 Fees and is Interest Free – 0% APR. There is no additional cost associated with the actual loan. See disclaimer1 for more details.

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