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EIC Calculator FullScreen

Easily calculate your potential Earned Income Credit (EIC) with this user-friendly tool. Input your filing status, number of qualifying children, and earned income to determine your eligibility and estimate the credit amount. This calculator considers the latest EIC rules and provides accurate results.

2022 EIC Calculator

Am I eligible for the EIC ?


What is EIC Calculator

The Earned Income Credit (EIC) Calculator is a tool used to estimate the amount of earned income tax credit a taxpayer may be eligible for. The Earned Income Credit is a refundable tax credit designed to help low to moderate-income individuals and families reduce their tax burden and potentially receive a refund.

To use the EIC Calculator, you typically need to provide the following information:

  1. Filing Status: Whether you are filing as Single, Married Filing Jointly, Head of Household, etc.
  2. Number of Qualifying Children: The number of children under the age of 19 or full-time students under the age of 24 that meet the qualifying criteria.
  3. Adjusted Gross Income (AGI): Your total income after certain adjustments and deductions.
  4. Investment Income: Any income you receive from investments, such as interest, dividends, or capital gains.

Based on this information, the EIC Calculator will estimate the amount of the Earned Income Credit you may qualify for. The calculator takes into account specific criteria, such as the taxpayer's filing status, income level, and number of qualifying children.

It's important to note that the EIC is a complex tax credit with various eligibility requirements and income limitations. The specific calculations for the Earned Income Credit can be intricate and may vary depending on individual circumstances. Therefore, it's advisable to use an official IRS EIC Calculator or consult with a tax professional to accurately determine your eligibility and estimated credit amount.

Please be aware that tax laws and regulations can change, so it's essential to refer to up-to-date resources or consult a qualified tax advisor for the most accurate and reliable information regarding the Earned Income Credit.


2022 Earned Income Credit Table (Maximum Credit Amounts & Income Limits)

Earned Income Tax Credit for Tax Year 2022
  No Children One Child Two Children Three or More Children
Maximum 2022 Credit Amount $560 $3,733 $6,164 $6,935
2022 Earned Income Amount $7,320 $10,980 $15,410 $15,410
Phaseout Begins
Single, Head of Household, Widow(er)
$9,160 $20,130 $20,130 $20,130
Phaseout Ends
Single, Head of Household, Widow(er)
$16,480 $43,492 $49,399 $53,057
Phaseout Begins
Married Filing Jointly
$15,920 $26,260 $26,260 $26,260
Phaseout Ends
Married Filing Jointly
$22,610 $49,622 $55,529 $59,187

More References

Earned Income and Earned Income Tax Credit (EITC) Tables

Revenue Procedure 2021-23