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March 16, 2021

To get earned income credit, you must have earned income and qualify for the credit  If you qualify, you can use the credit to reduce the taxes you owe or may increase your refund..

 

Below are some of the requirements to qualify for EITC:

  1. Must have earned income.
  2. Must be between 25 and 65 years old.
  3. Filing status must not be Married Filing Separate.
  4. Must be a US citizen or resident alien for the entire year.
  5. Adjusted Gross Income (AGI) may not exceed:

  • $15,820 if you're not claiming a qualifying child ($21,710 if filing jointly);
  • $41,756 if you're claiming 1 qualifying child ($47,646 if filing jointly);
  • $47,440 if you're claiming 2 qualifying children ($53,330 if filing jointly);
  • $50,954 if you're claiming 3+ qualifying children ($56,844 if filing jointly).

See,earned income tax credit, lnk.