Workers who are paid low wages − and in many cases are trying to raise children on overstretched paychecks − can qualify for a financial boost by claiming the earned income tax credit on their tax returns.

If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax refund through the Earned Income Tax Credit (EITC). However, roughly one in five eligible taxpayers miss out on claiming the credit because they don’t know they’re eligible, according to IRS.

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax liability. Here’s who qualifies.

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they have children. Also known as the Earned Income Credit, th

The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully refundable, meaning even those who do not earn enough money to have taxes withheld are eligible. The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830.

Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get more eligible filers to claim EITCs and CTCs.

The 2025 tax season has officially begun, and while Americans are looking to get the most out of their returns, the Internal Revenue Service says a fifth of eligible taxpayers fail to take advantage of a massive tax break every year.

There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned Income Tax Credit (EITC) was signed into law and is designed to “lift many financially challenged families out of poverty,