The most important thing to remember is that the EITC is for people who earned income. Keep in mind that there are a lot of income types that are not earned from work and do not qualify. These include unemployment benefits, bank and investment interests or dividends, rental income, inheritance, retirement income or Social Security, child support, and alimony. Remember: if it’s not earned, it doesn’t qualify.
Although the income limits are much more generous if you have at least one qualifying child, it’s not required that you have children to take advantage of the EITC. However, there are a couple of restrictions you should know about as an individual without children. Learn more in this video.