2024 Earned Income Credit Table (Maximum Credit Amounts & Income Limits) Earned Income Tax Credit for Tax Year 2024 No ChildrenOne ChildTwo ChildrenThree or More Children Maximum 2024 Credit Amount $632 $4,213 $6,960 $7,830 2024 Earned Income Amount $8,260 $12,390 $17,400 $17,400 ...
Earned Income Credit Limits, Criteria etc. for Tax Year 2024Filing Status and AGI Criteria Zero Children One Child Two Children Three Plus ChildrenAGI Minimum for all Filing Statuses $8,260 $12,390 $17,400 $17,400 AGI Threshold Phaseout for Filing Status: Single, Head of Household, or ...
How much is the Earned Income Tax Credit? For income earned in 2024 (filing in 2025), you can claim up to $8,046, depending on your filing status and number of qualifying children. Here's the breakdown, accordingto the IRS: ChildrenMaximum EITCMaximum income: Single/Head of householdMaxim...
For 2024, you can qualify for the Earned Income Credit if your income from capital gains and any other investment profits does not exceed $11,600. Maximum credit amounts The maximum amount of credit for tax year 2024 is: Number of children Maximum credit amount (2024) 0 $632 1 $4,213...
In 2024, theEarned Income amounts(amounts of earned income at or above which the maximum amount of the earned income credit is allowed) are: no qualifying children: $8,260 1 qualifying child: $12,390 2 qualifying children: $17,400 ...
The maximum child tax credit of $2,000 per child under 17 is available to parents with up to $400,000 in modified adjusted gross income if they are married and filing jointly, or under $200,000 if they are single. Those figures are also unchanged from 2024. ...
Discover the Earned Income Credit for 2024 and see if you qualify for this special tax break aimed at workers with modest incomes. Learn about the recent rule changes and how you may benefit from the earned income credit when you file your taxes in 2025.
A single person without dependents making low or moderate income can still qualify for the EITC, but a married taxpayers and/or those with dependents will benefit from the credit the most - plus, those with dependent children can also claim theChild Tax Credit. Once your return is filed and...
zero, but less than the limits set by the IRS in order to qualify. There are different thresholds depending on your filing status and how many children you have. You can find out what those limits are on the IRS website, IRS.gov. Search their website for “earned income ...
For the 2024 tax year, the maximum credit is $7,830 for a taxpayer who has three or more children. Understanding the Earned Income Tax Credit (EITC) The earned income tax credit (EITC), also called the earned income credit (EIC), was intended as a work bonus plan to increase the real...