FangxiaL
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Deductions & credits

Check to see if your income is more than the limit.

 

How Do  I Qualify for the Earned Income Credit (EIC):

 

  • File a tax return, even if you don't owe any taxes.
  • Must have income from earnings, from a job or union strike benefits or profit from your own business. Retirement, investment, unemployment, and disability income do not count.
  • Your adjusted gross income (AGI), which includes your earned income, must be less than the following:
    • If you're married filing jointly:
      • $57,414 with three or more qualifying children
      • $53,865 with two qualifying children
      • $48,108 with one qualifying child
      • $21,920 with no qualifying child
    • If you're filing single or head of household:
      • $51,464 with more than two qualifying children, or
      • $47,915 with two qualifying children
      • $42,158 with one qualifying child
      • $15,980 with no qualifying child
  • You must be a US citizen or resident alien for the entire year.
  • You, your spouse, and qualifying children must have valid Social Security numbers.
  • Your investment income must be $10,000 (2021 only) or less. This includes capital gains, interest, dividends, rental income, royalties, stock income, and income from other asset sales.
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