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FEDERAL EARNED INCOME CREDIT (EIC)

How Much EIC Will I Get?


How much EIC will I get?

What are the maximum EIC amounts?

How does the number of children affect EIC amounts?


NOTE: Glossary words appear in blue. Click on any glossary word to see its definition.

How much EIC will I get?

The amount of EIC you will get depends on your earned income, your marital status, and the number of qualifying children you have, if any. Workers with qualifying children can get a much larger EIC than workers without qualifying children. (For rules about qualifying children, see Who is a qualifying child?)

EIC Estimators

  • The Center for Budget and Policy Priorities (CBPP) has an online Earned Income Tax Credit Estimator for tax year 2012. You can use this estimator to calculate your estimated federal Earned Income Credit based on your income level, filing status, and number of qualifying children.

  • The Internal Revenue Service's Earned Income Tax Credit (EITC) Assistant also includes a tool to estimate your federal Earned Income Credit amount:

To use the Earned Income Credit estimators, you must know:

  1. your filing status (single, married filing jointly, etc.)
  2. the number of qualifying children you have
  3. your earned income and other types of income

Note: State EICs are an additional percentage of the federal EIC amount.


What are the maximum EIC amounts?

For tax year 2012, the maximum federal EIC amounts are:

Number of
qualifying children
Maximum
federal EIC
none $ 475
one $3169
two $5236
three or more $5891
 
Note: State EICs are an additional percentage of the federal EIC amount.

The EIC amount that most workers get is lower than these maximum figures.


How does the number of children affect EIC amounts?

The Center on Budget and Policy Priorities has developed a graph that shows how the amount of earned income and the number of qualifying children affect the Earned Income Credit benefit:

To view the graph, see:

The graph shows that workers with one or more qualifying children can receive much larger EIC amounts than workers with no qualifying children. The graph also shows that workers with three or more qualifying children are eligible for the highest credit amounts.

 
 
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