Earned Income Credit (EIC)
For 2024, the maximum credit increased to:
- $7,830 with three or more children
- $6,960 with two children
- $4,213 with one child
- $632 with no children
Earned Income and AGI Amounts Increased
To be eligible for a full or partial credit, the taxpayer must have earned income and AGI of at least $1 but less than:
- $59,899 ($66,819 if Married Filing Jointly) with three or more qualifying children
- $55,768 ($62,688 if Married Filing Jointly) with two qualifying children
- $49,084 ($56,004 if Married Filing Jointly) with one qualifying child
- $18,591 ($25,511 if Married Filing Jointly) with no qualifying child
Investment Income
Taxpayers whose investment income is more than $11,600 cannot claim the EIC.
