New Member

posted Oct 27, 2021 9:14:15 AM

Earned Income Credit

I did not qualify for earned income credit last year. Has something changed with the new tax laws? What is the amount needed to qualify?

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Expert Alumni

Oct 27, 2021 9:22:19 AM

To qualify for the Earned Income Credit you must:

Show proof of earned income
Have investment income below $3,650 in the tax year you claim the credit
Have a valid Social Security number
Claim a certain filing status
Be a U.S. citizen or a resident alien all year

In addition, you cannot be Married Filing Separate to claim the credit.

To find the amount of earned income credit that you qualify for:

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables#EITC%20Tables