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You typically qualify if:

• You have income from earnings (for example, from a job, your own business, union strike benefits, certain long-term disability benefits).
• You did not receive more than $10,300 in investment income such as interest or dividends, or income from rentals, royalties or stock and other asset sales during 2022.
• You are single or, if married, do not use the Married Filing Separate status (there is an exception for 2021 for married couple filing separately).
• You, your spouse and children, if applicable, all have Social Security numbers.
• You and your spouse are not considered as a qualifying child of someone else.
• You are not excluding any income you earned in a foreign country on your return.
• You are a citizen or resident of the United States.
• You have dependents, or if you don't, you are at least 24 if you were at least a part-time student for at least 5 months of the year, or at least 18 if you are a former foster child after turning 14 or homeless youth,  otherwise at least 19, and you have lived in the United States for more than half of the year.

How much can I earn and still qualify?

This credit is targeted at households with modest incomes, so if you earn "too much" you may not qualify. Just how much can you earn and still qualify? It depends on how many qualifying children you have (we'll define this in a moment). Those with the lowest income qualify for the biggest credits. Those with incomes above the phase-out threshold qualify for lower credits until they reach the point where the credit is eliminated completely. The rules have been liberalized to result in higher credits for many households, especially those with three or more qualifying children. The following table shows the 2022 income limits for receiving credits and the maximum 2022 credit amounts.