TurboTax / Tax Calculators & Tips / All Tax Guides / Tax Deductions and Credits / Video: Who Qualifies for the 2015 Earned Income Tax Credit

Video: Who Qualifies for the 2015 Earned Income Tax Credit

Updated for Tax Year 2015


OVERVIEW

Find out whether you qualify for the Earned Income Tax Credit by answering six yes or no questions. This video will help you get started with the Earned Income Credit (EIC) and help you get all the tax deductions and credits you qualify for.


Hello, I’m Adrienne from TurboTax with important information about who qualifies for the 2015 Earned Income Tax Credit.

The Earned Income Tax Credit is designed for taxpayers with modest income and in 2015, can be worth up to six-thousand, two-hundred forty-two dollars, depending on your income and the number of children you have.

So do you qualify? Follow our yes/no checklist.

Number one: Does your income and family situation meet these guidelines? Yes or no?

If you, for instance, are married, filing jointly, and have three children, you may be eligible for the credit in 2015 if you and your spouse make fifty-three thousand, two-hundred sixty-seven dollars or less.

Looking further down the chart, you may also qualify as an individual with no children and an income of fourteen thousand, eight hundred twenty dollars.

Two: Is your investment income three-thousand, four-hundred dollars or less? If answered yes, you might be eligible.

Three: If you are married, do you plan to file jointly?

Four: Are you a U.S. citizen or resident, a non-resident alien married to a U.S. citizen, or a resident alien and filing a joint return?

Five: Does everyone involved have a valid Social Security number?

Six: Take a look at this chart. If you have a child, does your child fall into one of these categories?

If you answered yes to all of these questions, you may be qualified this year for the Earned Income Tax Credit.

For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.

Couple sitting on the back of a truck

Get every deduction you deserve

TurboTax Deluxe searches more than 350 tax deductions and credits so you get your maximum refund, guaranteed.

For only $54.99*
Start for Free

Looking for more information?

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.


Security is built into everything we do
Here's how
* Important Offer Details and Disclosures
  • Filing Deadline: IRS filing deadline for tax year 2015 is April 18, 2016 (except for residents of Massachusetts or Maine, where the IRS filing deadline for tax year 2015 is April 19, 2016).
  • Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. Free 1040EZ/A + Free State offer only available with TurboTax Federal Free Edition; Offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Savings and price comparisons based on anticipated price increase expected 3/18/16. Special discount offers may not be valid for mobile in-app purchases.
  • TurboTax CD/Download products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for efiling state returns. E-file fees do not apply to New York state returns. Savings and price comparison based on anticipated price increase expected 3/18/16. Prices subject to change without notice.
  • Anytime, anywhere: Internet access required; standard message and data rates apply to download and use mobile app.
  • Fastest refund possible: Fastest tax refund with efile and direct deposit; tax refund timeframes will vary.
  • Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. This benefit is available with TurboTax Federal products except the TurboTax Home & Business/QuickBooks Self-Employed bundle offers.
  • About our TurboTax Product Experts: Customer service and product support vary by time of year.
  • About our credentialed tax experts: Live tax advice service is available via phone for your toughest tax questions; fees may apply. Service, experience levels, hours of operation and availability vary, and are subject to restriction and change without notice. Not available for TurboTax Business customers.
  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2014 TurboTax products.
  • Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations.