This calculator assumes credits entered are nonrefundable ... for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest).

If you aren’t eligible for the earned income tax credit, or EITC, it means you make too much money to get it. If you are eligible for it, it means you can get a significant tax break.

Tax credits like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) are a major component of anti-poverty efforts ...