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November 1, 2023
Question

What credits are phased out with investment income over certain amount? I believe earned income credit is $3650?

  • November 1, 2023
  • 1 reply
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Curious what credits are phased out if net investment income is over a certain amount? I believe one would not qualify for the earned income credit  if their net investment income in 2022 is $3650? Are there any other credits like this that phase out with certain levels of net investment income?

1 reply

Employee
November 1, 2023

EIC is allowed up to 11,000 in 2023. 

Other credit limitations are explained here. 

https://www.nerdwallet.com/article/taxes/what-tax-credits-can-i-qualify-for