Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a federal and state, refundable tax credit that benefits hard-working, low-to moderate-income families and individuals. The EITC promotes work and is proven to reduce poverty by closing the gap between a family’s income and what they need to make ends meet.

The EITC Helps Families Get Ahead

The EITC is a tax credit worth up to $6,400 in cash—Colorado families receive an average refund of $2,200. Plus the state of Colorado provides a 10 percent match of the federal refund—that’s money families can use to help with things like transportation, housing and childcare.

The EITC is also proven to have a positive impact on:

  • Maternal and infant health outcomes
  • Children’s school performance
  • Work and earnings potential for both children and parents

Find Out if you Qualify

It’s your money. You earned it. The Earned Income Tax Credit (EITC) helps you get it back. Use the EITC Estimator to find out how much cash back you may get.

Filing Status:

Number of Children:

Household Earnings:

Your EITC:

Even if you don’t qualify for the EITC, it’s important to ask about it again each year.

The EITC Estimator was developed by the Center on Budget and Policy Priorities and is used here with permission.
The EITC’s Impact in Colorado

The EITC brings economic benefits to the wider community, not just the workers and families that receive it. The stats below highlight the EITC's annual impact: Learn more about the EITC impact.

342,000 Families Claimed the EITC
$754 Million in EITC Refunds
93,000 Families Lifted Above the Poverty Line by the EITC and CTC