economy
February 27, 2026
Nearly 1 in 5 eligible filers miss this 'valuable' tax credit, IRS says
Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which is worth thousands of dollars, according to the IRS. Here's what to know.
TL;DR
- The earned income tax credit (EITC) is a tax break for low- to moderate-income workers.
- It is a fully refundable credit, meaning eligible filers can receive the full amount even with zero taxes owed.
- For tax year 2025, the maximum credit is up to $8,046 for filers with three or more qualifying children.
- Approximately 1 in 5 eligible taxpayers do not claim the EITC.
- Eligibility for the EITC is based on earnings, tax filing status, and the number of qualifying children.
- The IRS holds refunds claiming the EITC until February 15th.
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