TurboTax FAQ
TurboTax FAQ
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What is the EIC or EITC and Do I Qualify?

The Earned Income Tax Credit (EITC or more commonly, EIC) is a tax credit for working people with low or moderate income who have earned income. The amount of the credit depends on your filing status and exactly how much you earned.

If you qualify, you could pay less federal tax or even get a tax refund, but you must file a tax return. Some general requirements include:

  • You and any qualifying child must have a valid Social Security number (Individual Taxpayer Identification Numbers, or ITINs, do not qualify).
  • Your filing status cannot be married filing separately (MFS).
  • You cannot have investment income greater than $3,350 for 2014
  • You must be a U.S. citizen or resident alien for the entire year.
  • You must have earned income from employment or self-employment.

TurboTax will calculate the credit and prepare the proper forms based on the information you provide. For more help determining if you are eligible for the EIC, you can use the IRS Earned Income Tax Credit (EITC) Assistant.
Tip: Scroll down the page until you find the link for the version of the assistant you want to use.

Can I get the EIC if I do not have a child or dependent?

You might still be eligible. The amount of the credit and the ability to qualify for it is influenced by having Qualified Children, but some people still qualify for the credit even if they don’t have children.

For more answers to common EIC questions, see the IRS Earned Income Tax Credit (EITC) Assistant.
Tip: Scroll down the page until you find the link for the version of the assistant you want to use.

What kind of dependents do I need? How old do dependents have to be? How many dependents can I use?

What kinds of dependents qualify?: The IRS uses Qualifying Children to determine the amount of the credit. To be your qualifying child for the EIC, a relative must have a valid Social Security Number and pass all the age, relationship, residency and joint return tests. Your relative must be your son, daughter, adopted child, stepchild, foster child, brother, sister, stepbrother, stepsister or a descendent of any of them.

How old do dependents have to be?: Qualifying Children must be under age 19 at the end of the year or under age 24 at the end of the year if a student. However, there is no age limitation on a qualifying disabled child.

How many dependents can you use?: The EIC stops increasing once you have three qualifying children.

For more answers to common EIC questions, see the IRS Earned Income Tax Credit (EITC) Assistant.
Tip: Scroll down the page until you find the link for the version of the assistant you want to use.

Are there age limits to qualify for the EIC? What if I am a 97-year-old grandmother?

You (or your spouse if filing Married Filing Jointly), must be at least age 25 but under age 65 to qualify for the EIC if you do not have a qualifying child. Age for the EIC is your age on the last day of the year. There is no age limit with a Qualifying Child.

For more answers to common EIC questions, see the IRS Earned Income Tax Credit (EITC) Assistant.
Tip: Scroll down the page until you find the link for the version of the assistant you want to use.

Related Information:


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