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.
To qualify for the Earned Income Credit, you also must meet a number of other requirements: You, your spouse if married filing jointly, and any Qualifying Children you claim must each have a valid Social Security Number.You must have earned income (from employment or self-employment).n general, your credit is more valuable if you have one or more Qualifying Children. For 2014, the maximum Earned Income Tax Credit per taxpayer is: 1  $496 with no Qualifying Children. 2  $3,305 with one Qualifying Child.