Do you get more money back for 1 child if you make more or less money per year?

 

After you file

Are you referring to how much you might get for the earned income credit?

The EIC is calculated on a bell curve.  At the bottom of this post there is a table that should help you understand the amount of EIC you are receiving.

The maximum amounts that one can earn and receive the EIC for 2016 are as follows:

Single or Head of Household Married Filing Jointly

with 3 children $47.955          $53.505

with 2 children $44,648         $50,198

with 1 child $39,296               $44,846

with 0 children $14,880         $20,430

Maximum Earned Income Credit (this is calculated on a bell curve based on earnings)

with 3 children $6,269

with 2 children $5572

with 1 child $3373

with 0 children $506


To receive the EIC the income must be EARNED income; unemployment compensation does not count.  You cannot have investment income over $3400, and you must be a U.S. citizen or resident alien for the whole tax year. You must have a valid Social Security number.  Your filing status cannot be married filing separately.  If you are a single filer with no dependents, you must be between the ages of 25 to 65.

There is a table that starts on page 30 of IRS publication 596 regarding EIC and the amount you can receive for your earned income:

www.irs.gov/pub/irs-pdf/p596.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**