Earned Income Tax Credit (EITC)

A refundable credit for low-to-moderate income workers. Can be worth up to $7,830 for 2026.

Full explanation

The EITC is a refundable tax credit — meaning it can reduce your tax below zero and result in a refund even if you owe no tax. It's designed for workers with low to moderate income. The amount depends on your income, filing status, and number of qualifying children. For 2026, the maximum credit ranges from $632 (no children) to $7,830 (3+ children). You must have earned income (wages, salary, or self-employment income) to qualify.

Source: IRS Publication 596 — Earned Income Credit

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“How does earned income tax creditaffect my taxes?”

Tax education only. Source: IRS Publication 596 — Earned Income Credit.