The Earned Income Tax Credit (EITC or EIC) is the most valuable refundable tax credit available to low-and-moderate-income working individuals and families in the United States. "Refundable" means that if the credit exceeds your tax liability, the IRS sends you the difference as a refund — you can receive money even if you owe zero federal income tax.
56 steps across 12 sections
1. Gather Required Documents
- Social Security cards for you, spouse, and all qualifying children
- All W-2s from employers
- All 1099 forms (1099-MISC, 1099-NEC, 1099-K for self-employment/gig income)
- Records of any other earned income
- Prior year AGI (for e-filing identity verification)
- Bank account and routing numbers (for direct deposit of refund)
2. Choose Your Filing Method
- Free File: IRS Free File (irs.gov/freefile) is available if AGI is below $84,000
- VITA/TCE: Volunteer Income Tax Assistance and Tax Counseling for the Elderly offer free in-person preparation
- Tax software: Commercial software (TurboTax, H&R Block, TaxSlayer, etc.) will calculate EITC automatically
- Paid preparer: Ensure they complete Form 8867 (due diligence checklist)
3. File Form 1040 or 1040-SR
- Complete your Form 1040 or 1040-SR (for seniors age 65+)
- The EITC is reported on Line 27 of Form 1040
- Use the EIC Worksheet in the 1040 instructions (or let software calculate it)
- If you have qualifying children, you must also complete and attach Schedule EIC
4. Complete Schedule EIC (If Claiming Children)
- Child's name and SSN
- Child's year of birth
- Whether the child was a student or disabled
- Child's relationship to you
- Number of months the child lived with you in the U.S.
5. Review for Accuracy
- Verify all SSNs are correct
- Confirm qualifying children meet ALL tests (relationship, age, residency, joint return, SSN)
- Double-check filing status — if married, you must file jointly
- Ensure all income sources are reported
- Verify investment income is under $12,200
6. File and Wait
- E-file for fastest processing
- By law, the IRS cannot issue EITC refunds before mid-February (PATH Act provision) even if you file in January
- Most EITC refunds arrive by early March if filed electronically with direct deposit
- If filing by mail, expect 6-8 weeks for processing
7. 1. Relationship Test
- Son, daughter, stepchild, or eligible foster child
- Brother, sister, stepbrother, stepsister, half-brother, or half-sister
- Grandchild, niece, or nephew
- Adopted child (including a child lawfully placed with you for legal adoption)
8. 2. Age Test
- Under age 19 at the end of the tax year, OR
- Under age 24 at the end of the tax year and a full-time student, OR
- Any age if permanently and totally disabled
9. Tie-Breaker Rules
- If only one is the child's parent, the parent gets the credit
- If both are parents, the parent with whom the child lived longer gets it
- If the child lived with both parents equally, the parent with higher AGI gets it
- If neither is a parent, the person with the highest AGI gets it
10. How the Phase-In / Phase-Out Works
- Phase-in range: The credit increases as earned income rises (you earn more, you get more credit)
- Plateau: The credit stays at its maximum for a range of income
- Phase-out range: The credit gradually decreases as income rises further
- Zero credit: Above the AGI limit, the credit disappears entirely
11. The Four Due Diligence Requirements
- Complete and submit Form 8867 — Based on information obtained from the client or information the preparer otherwise reasonably obtains or knows. The form asks the preparer to confirm they verified ...
- Compute the credits correctly — The preparer must complete the appropriate EIC worksheet or other computational worksheet and verify the credit amount is correct based on the taxpayer's information.
- Apply knowledge — The preparer must not know, or have reason to know, that any information used to determine eligibility or credit amount is incorrect. The preparer must make reasonable inquiries i...
- Retain records for 3 years — The preparer must keep copies of:
- Completed Form 8867
- Completed worksheets used to compute the credit
- A record of how and when the information was obtained
- Any documents relied upon
12. Penalties for Non-Compliance
- $650 per failure per return for tax year 2025 (indexed for inflation annually)
- If a return claims EITC, CTC/ACTC/ODC, AOTC, and HOH filing status, and due diligence fails for all four, the penalty can be up to $2,600 per return
- Penalties apply even if the taxpayer was legitimately eligible — the issue is the preparer's failure to document due diligence
- Penalties cannot be passed on to clients
- Repeated violations can lead to suspension or disbarment from practice before the IRS
Common Mistakes
- Claiming a child who doesn't meet the residency test
- Relationship test errors
- Age test errors
- Filing status errors
- Incorrect or missing Social Security numbers
Pro Tips
- File even if you don't have to
- Nontaxable combat pay election
- Check your state credit too
- Use IRS Free File or VITA
- File electronically with direct deposit
Sources
- IRS — Earned Income Tax Credit (EITC)
- IRS — Who Qualifies for the EITC
- IRS — Earned Income and EITC Tables
- IRS — How to Claim the EITC
- IRS — Common Errors for the EITC
- IRS — Letter or Audit for EITC
- IRS — Due Diligence Law, Regulations and Requirements
- IRS — About Form 8867
- IRS — Instructions for Form 8867
- IRS — Publication 596, Earned Income Credit
- IRS — Schedule EIC (Form 1040)
- IRS — Tax Inflation Adjustments for Tax Year 2026
- NerdWallet — Earned Income Tax Credit 2025-2026
- Kiplinger — EITC 2025 & 2026
- Tax Policy Center — What Is the Earned Income Tax Credit?
- Center on Budget and Policy Priorities — The Earned Income Tax Credit
- Prenatal-to-3 Policy Impact Center — State Earned Income Tax Credit
- Taxpayer Advocate Service — EITC Audits: What You Need to Know
- ProPublica — Who's More Likely to Be Audited: $20K or $400K?
- Tax Policy Center — How Do IRS Audits Affect Low-Income Families?
- Congressional Research Service — Earned Income Tax Credit
- TaxSpecialty — EITC 2026 Income Limits
- USAGov — Earned Income Credit
- Tax Foundation — 2026 Tax Brackets