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.
If you work, let the EITC work for you! The Earned Income Tax Credit will reduce the taxes you owe and will even be refunded to you if you do not owe taxes on your return. The Earned Income Tax Credit lifts over 6 million people (including over 3 million children) out of poverty each year.nce you determine if you are eligible for the EITC, here are the maximum credit amounts that you might qualify for in 2014: 1  $496 with 0 Qualifying Children. 2  $3,305 with 1 Qualifying Child. 3  $5,460 with 2 Qualifying Children. 4  $6,143 with 3 or More Qualifying Children.