Nationwide, the average amount of federal earned income tax credit received was $2,743 for the 2023 tax year. Some larger families with lower incomes can receive much more than the average figures.

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning even those who do not earn enough money to have taxes withheld are eligible.

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how to claim it on taxes.

STATEN ISLAND, N.Y. — Taxpayers this year could qualify for nearly $8,000 under the Earned Income Tax Credit, according to the Internal Revenue Service (IRS). The credit, valued up to $7,830, is ...

Must have a valid social security number Have an investment income limit of under $11,600 You must be a U.S. citizen or resident alien all year Must be over 25 or under 65 if you’re filing ...

Last year, more than 15.3 million federal income tax returns were received by the IRS by Feb. 2. The IRS began processing and accepting 2023 federal income tax returns on Jan. 29, 2024.

At least 259,000 taxpayers in Arkansas claimed the federal earned income tax for tax year 2023 (taxes filed in 2024). The IRS delivered an average of $779 million in EITC checks last year, which ...