Tax season 2025
Up to $7,830 IRS refund: eligibility requirements and who can receive it
Some taxpayers may be able to claim the Earned Income Tax Credit (EITC) of up to $7,830, which is refundable.
The 2025 tax season is starting soon. The the Internal Revenue Service (IRS) recently announced that it will begin receiving and processing tax returns and refunds for tax year 2024 on Monday, January 27, 2025.
Taxpayers can claim several tax breaks from the Internal Revenue Service (IRS) on their return, including the Earned Income Tax Credit (EITC), which has a maximum amount in the 2024 fiscal year of $7,830. That amount will increase to $8,046 in FY 2025.
The EITC helps low- to moderate-income workers. According to the IRS, if a taxpayer qualifies, they can use the credit to reduce their tax liability or increase their tax refund.
This year, low- and moderate-income workers can claim between $632 and $7,830 on their tax return, depending on eligibility criteria. The amounts of the tax support depend on the number of children the taxpayer has, as well as their annual income.
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Who can claim the Earned Income Tax Credit (EITC)?
To claim the EITC, you must have qualifying earned income and meet certain adjusted gross income (AGI) limits and limits on the credit for current, prior, and future tax years.
You must have worked and earned income of less than $59,899 for individuals and $66,819 for married taxpayers filing jointly. Here you can see the exact income for each taxpayer for tax year 2024.
In addition, it is important to comply with the following:
- Have investment income of less than $11,600 in tax year 2024
- Have a valid Social Security number by the due date of your 2024 return
- Be a U.S. citizen or resident alien for the entire year
- Not file Form 2555 (foreign earned income)
- Meet certain rules if you are separated from your spouse and not filing a joint tax return
The Internal Revenue Service (IRS) has a virtual assistant to help you determine your eligibility.
How much money can you claim for the Earned Income Tax Credit (EITC) in 2025?
The maximum amount of credit that a taxpayer can claim is:
- If you have no qualifying children: $632 ($649 in FY2025)
- If you have one qualifying child: $4,213 ($4,328 in FY2025)
- If you have two qualifying children: $6,960 ($7,152 in FY2025)
- If you have three or more qualifying children: $7,830 ($8,046 in FY2025)
The EITC is a refundable tax credit. This means that taxpayers who qualify for it can reduce their tax bill by the amount of the applicable credit. If the amount of the credit is more than the taxes owed to the government, the extra amount is refunded.
The Earned Income Tax Credit (EITC) can be claimed on your annual tax return on Form 1040 or Form 1040-SR).
When is the EITC refund sent?
The IRS expects most EITC-related refunds to become available by February 27. After you have filed your return, the IRS allows up to 21 days to send the refund via direct deposit to those who filed electronically, or between six and 12 weeks if the return was filed via mail.
Taxpayers can check the status of their refund with the Where’s my refund? tool or the IRS2Go App.
For more information, visit the Internal Revenue Service website. The IRS also has a virtual assistant which can help you determine your eligibility.
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