Earned Income Tax Credit

Earned Income Tax Credit (EITC Home Page)

The social security numbers for the applicable taxpayers and children must have been issued by December 31st.

EITC Due Diligence (IRS FAQs)

EITC information (IRS Hot Topics)

5 Facts About the Earned Income Tax Credit (Brief overview)

2015 Earned Income Base Amounts, Credit Percentages, and Phase-out Amounts (Rev. Proc. 2015-61)

No earned income credit is allowed if the taxpayer has disqualified income (investment income) in excess of $3,400 for the taxable year.

The maximum 2016 earned income credit is $6,269 (married filing joint with three children). The earned
income base amounts, credit percentages, and phase-out amounts are:

Qualifying Kids Max Credit Phaseout
No Children  $506 $14,880
$20,430
 One Child  $3,373 $39,296
$44,846
 Two Children  $5,572 $44,648
$50,198
 More than Two $6,269 $47,955
$53,505

 

2017 EITC Income Limits, Maximum Credit Amounts and Tax Law Updates


IRS Form 8867


IRS Publication 596, Earned Income Credit (EIC)


IRS Pub 596 Rules If You Have a Qualifying Child