For example, the United States government fiscal year for 2017 is: 1  1st quarter: 1 October 2016 â 31 December 2016. 2  2nd quarter: 1 January 2017 â 31 March 2017. 3  3rd quarter: 1 April 2017 â 30 June 2017. 4  4th quarter: 1 July 2017 â 30 September 2017.
Childless workers receive very small EITCs. The maximum EITC for a childless worker between ages 25 and 64 is just over $500. Most workers receive far less â the average credit for eligible workers was $281 in 2013, the latest year for which data are available. This was less than one-tenth the average $3,100 EITC for tax filers with children that year.
The Earned Income credit amount is affected by the amount of children you're claiming on your federal tax return. The lowest credit is $2 if you are an individual with no dependents claimed on your return, while the highest is $5,657 for three or more according to the Internal Revenue Service.