The Earned Income Tax Credit (EITC) is a crucial financial tool for low to moderate-income workers in the U.S., offering significant tax relief or refunds. Discover how to qualify and track your ...

As the 2025 tax season approaches, U.S. taxpayers have the opportunity to claim the Earned Income Tax Credit (EITC), potentially boosting their refunds by up to $8,000.

While the maximum amount available is $7,830 when claiming the EITC for tax year 2024, the IRS has said eligible taxpayers received an average of $2,743 from the credit in tax year 2023.

Additionally, for taxable years beginning in 2025, you won't be eligible for the EITC if your investment income exceeds $11,950. Here are the income phaseout amounts for claiming the EITC for tax ...

The EITC is aimed at taxpayers with low income, both with and without children. For filers claiming children, the child must be under the age of 19, or under 24 if they are a student. There is no ...

Per the IRS, approximately 23 million workers and families received $64 billion from the EITC. The average amount of EITC received nationwide in 2023 was $2,743.

An EITC is a refund available for certain low and middle-income families who may make below a certain threshold. In 2022, the average EITC amount received was about $2,541.

While the IRS says most refunds will be sent within 21 days of receiving a tax return, that’s not the case for those who claim the Additional Child Tax Credit or the Earned Income Tax Credit ...

As for Georgia, the IRS received 973,000 EITC claims last year and delivered just over $3 billion in checks to qualifying taxpayers. On average, folks in the Peach State received an average of ...