The earned income tax credit (EIC or EITC) is for low- and moderate-income workers. In general, the less you earn, the larger the credit. Families with children often qualify for the largest ...

In addition to these income limits, you cannot have earned more than $11,600 in investment income in 2024 to qualify for the EITC. The EITC works on a sliding scale, with taxpayers that have less ...

You need to have worked or have earned income in 2023. The maximum earned income tax credit is $7,430 in 2023 for an eligible family with three or more qualifying children.

Maybe they're working in a low-wage job and just had a baby in 2024. Someone with one qualifying child and a lower income could qualify for up to $4,213 for the federal earned income credit.

2024 EITC Amount 2024 Earned Income Tax Credit The EITC is designed for people whose earned income was under $66,819 for tax year the 2024 tax year (tax returns generally filed now, in early 2025).

Earned income includes wages, salaries, tips and other taxable pay received as an employee. Net earnings from self-employment and some forms of disability pay also qualify as earned income.

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how to claim it on taxes.

For income earned in 2024 (filing in 2025), you can claim up to $7,830, depending on your filing status and number of qualifying children. Here's the breakdown by number of qualifying children and ...

Figure your earned income credit on a worksheet in the tax form's instructions -- use either form 1040A or 1040EZ if you otherwise wouldn't have had to file a return.