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 amount of Earned Income Credit you get depends on several factors. In 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.he EITC phases out entirely (is not available) for taxpayers with an adjusted gross income of: 1  $14,590 with no Qualifying Children ($20,020 if married filing jointly). 2  $38,511 with one Qualifying Child ($43,941 if married filing jointly). 3  $43,756 with two Qualifying Children ($49,186 if married filing jointly).