2025 Earned Income Tax Credit (EITC) Announcement: Tax Day may have passed, but that doesn’t mean you’ve lost your chance to get a tax credit or refund. If you’re entitled to a tax refund, the IRS allows you to file late for up to three years. That means you can still claim tax credits like the Earned Income Tax Credit (EITC), the Child Tax Credit, and more for 2025 and get thousands of dollars back.
In this article, we’ll explain what big tax credits you may be eligible for in 2025, how to claim them, and why you still have a chance to get a refund even if you miss the April 15 deadline.
Missed the Tax Filing Deadline? You May Still Be Eligible
If you’re due a tax refund, there’s no penalty for filing late. The IRS gives you three years after the deadline to claim a tax refund. This means you can still file your 2024 tax return even if you don’t earn the income that would require filing a tax return.
This feature is extremely helpful for those who think they can’t file a tax return or get a tax credit because their income is low.
What Is the Earned Income Tax Credit (EITC)?
The Earned Income Tax Credit (EITC) is a tax credit offered to working families with low or moderate incomes. This tax credit reduces your tax bill and if the tax bill is zero, you get the entire credit back as a refund.
EITC Highlights for 2025
- For families with three or more children, the maximum credit can be up to $7,430.
- For workers without children, the credit is up to about $600.
- This credit is available to people with incomes of:
- Income up to $63,398 for married families (3+ children)
- Income up to $17,640 for single filers without children
The biggest advantage of this credit is that it is fully refundable. This means you can get the entire money back even if you don’t need to pay taxes.
Child Tax Credit (CTC) – Big Relief for Families With Children
The Child Tax Credit is also an important tax benefit for families in 2025. This credit is available for every minor child who is under the age of 17.
Features of Child Tax Credit
- Up to $2,000 is deductible per child.
- Up to $1,600 of this is refundable.
- For this credit, there must be an earned income of at least $2,500.
Although Congress could expand this credit even further, the current rules provide good relief for families.
Saver’s Credit – Extra Savings on Retirement Savings
People who contribute to their retirement accounts, such as an IRA or 401(k) in 2024, may be eligible for the Saver’s Credit in 2025.
Saver’s Credit Information
- The credit can be up to $1,000 for an individual (up to $2,000).
- This credit is tax-only (non-refundable).
- Income limits:
- Up to $36,500 for singles
- Up to $73,000 for marrieds
Read more: GST/HST Credit Refund Schedule 2025: Know About Eligibility & Payment Amount
American Opportunity Tax Credit (AOTC) – Funding for Education
The AOTC can be beneficial if you or your children are going to college.
- Credit up to $2,500 per student
- 40% is refundable, up to $1,000
- This credit is for the first four years of higher education
Also available for part-time or graduate students is the Lifetime Learning Credit (up to $2,000), which is non-refundable.
Don’t Overlook State Tax Credits
Many states also have their own tax credits that provide special relief for low-income families. These include:
- Earned income credits
- Child tax relief
- Property tax or rent rebates
- Incentives for education or energy savings
You can find information about such credits and eligibility for them by visiting your state’s Department of Revenue website.
How to File Late and Claim Tax Credits?
If you missed the tax filing deadline, you can still claim the 2025 tax credits by taking these simple steps:
- Use the IRS’s Free File service (if your income is less than $79,000).
- Submit your 2024 tax return online or by mail.
- Track the status of your refund by visiting IRS.gov.
- If you don’t owe taxes, you still need to file to get a refund.
One Last Tip – Hurry Up!
Tax Day has passed, but you still have a chance to claim a tax credit of up to $7,430. If you think you’re entitled to one, file your 2024 tax return as soon as possible.
Delaying in claiming any tax credits or refunds could cost you money. So don’t delay, check instantly how much money you can get back and strengthen your financial future.
