Qualifying for the EIC

How do I qualify for the Earned Income Tax Credit? 

One of the most popular tax credits is the Earned Income Tax Credit. This refundable income tax credit is intended to help working individuals and families earning low-to-moderate income.  

The EIC is a refundable credit, meaning it can give you a tax refund if you qualify – even if you don’t owe any tax. But you do have to file a tax return to get the credit, plus meet certain requirements. 

What does the IRS count as earned income? 

You need earned income to qualify for the Earned Income Tax Credit. Earned income for the EIC includes: 

• Wages, salary, or tips  

• Gig economy work, like rideshares 

• Money made from self-employment 

• Certain disability benefits you got before you were the minimum retirement age 

• Nontaxable Combat Pay 

For a fuller list of income types, see the IRS page on the Earned Income Tax Credit. 

Here are the types of income that do not count as earned income: 

• Interest and dividends 

• Pensions or annuities 

• Social security 

• Unemployment benefits 

• Alimony 

• Child support 

If your only source of income is listed above, you cannot claim the EIC. 

What are the income limits to qualify for the EIC? 

If you make more than a certain income limit, you won’t qualify. For tax year 2024, the rates are: 

In all cases, investment income must be $11,600 or less for the year. 

If you’re not sure whether your wage situation qualifies for the Earned Income Tax Credit, the IRS has a handy EIC Qualification Assistant. 

How much is the EIC worth? 

The EIC is calculated based on your AGI, so here are the maximum amounts you could receive: 

• No qualifying children: $632 

• 1 qualifying child: $4,213 

• 2 qualifying children: $6,960 

• 3 or more qualifying children: $7,830 

Are there other requirements besides earned income to qualify for the EIC? 

If you pass the income test, there are other requirements you must satisfy before being deemed eligible for the EIC: 

• Have earned income 

• Have investment income below the limit 

• Have a valid Social Security number by the due date of your return (including extensions) 

• Be a U.S. citizen or a resident alien all year 

• Not file Form 2555, Foreign Earned Income 

• Meet certain rules if you are separated from your spouse and not filing a joint tax return 

Feel good about tax breaks for low- and moderate-income workers. 

Not sure if you qualify for the EIC? Don't sweat it. Our simple question-and-answer format means we'll do the math in the background. If you have earned income and qualify, we’ll automatically add the tax break to your return. 

Feels good to hand off the calculations, doesn't it? 

Be sure to sign up or log in today to get started on your taxes—we’ll see you there! 

For more details, view our Earned Income Credit infographic.