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Earned Income Tax Credit Calculator

Calculators Family Taxes

The Earned Income Tax Credit is a refundable tax credit designed in part to reduce the tax burden on low income individuals and families both with and without children. For 2020, the maximum credit is $6,660 ($6,557 in 2019). This amount is determined by the number of qualifying children a taxpayer claims.

a cheerful couple and two children spending quality time together

Earned Income Tax Credit Calculator Instructions

Step 1: Select your tax year
Step 2: Select your tax filing status
Step 3: Enter your income
Step 4: Select your qualifying children
Step 5: Select your age at the end of the tax year

Frequently Asked Questions

Can I qualify with no children? Are there age limits to qualify for the Earned Income Tax Credit?

If you have no qualifying children, you must meet income requirements and be between 25 and 64 years old. There are no age requirements if you have qualifying children.

What are the qualifying child requirements?

To qualify your child must be under 19 or under 24 if a full-time student. Additionally, there are no age limits if your child is totally and permanently disabled. Also, only one person may claim a qualifying child.

What are the income limits?

For tax year 2019, your Earned Income and Adjusted Gross Income (AGI) must each be less than:

Qualifying Children Claimed
If filing0 Children1 Child2 Children3+ Children
Single, Head of Household, or Widowed15,57041,09446,70350,162
Married Filing Jointly21,37046,88452,49355,952

Investment Income Limit

Investment income must be $3,600 or less for the year.

Maximum Credit Amounts

The maximum amount of credit for Tax Year 2019 is:

  • $6,557 with three or more qualifying children
  • $5,828 with two qualifying children
  • $3,526 with one qualifying child
  • $529 with no qualifying children

For tax year 2020, your Earned Income and Adjusted Gross Income (AGI) must each be less than:

Qualifying Children Claimed
If filing0 Children1 Child2 Children3+ Children
Single, Head of Household, or Widowed15,82041,75647,44050,594
Married Filing Jointly21,71047,64653,33056,844

Investment Income Limit

Investment income must be $3,650 or less for the year.

Maximum Credit Amounts

The maximum amount of credit for Tax Year 2020 is.

  • $6,660 with three or more qualifying children
  • $5,920 with two qualifying children
  • $3,584 with one qualifying child
  • $538 with no qualifying children

We’re here to help

As always, TaxAct® is here to help taxpayers enjoy an easier, more confident filing experience. Our step-by-step process guides your through your federal and state returns at a pace that’s right for you and your unique tax situation.

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