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What is the income limitation for EIC?

Article ID: 35177  

Question
What is the income limitation for EIC?

Answer

2014 Tax Year

Earned Income and adjusted gross income (AGI) must each be less than:

  • $46,997 ($52,427 married filing jointly) with three or more qualifying children
  • $43,756 ($49,186 married filing jointly) with two qualifying children
  • $38,511 ($43,941 married filing jointly) with one qualifying child
  • $14,590 ($20,020 married filing jointly) with no qualifying children

Tax Year 2014 maximum credit:

  • $6,143 with three or more qualifying children
  • $5,460 with two qualifying children
  • $3,305 with one qualifying child
  • $496 with no qualifying children

Investment income must be $3,350 or less for the year.

http://apps.irs.gov/app/eitc2013/SetLanguage.do?lang=en


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Views: 273 Created on: Jun 15, 2013