I have 4 kids. I've heard you only receive EIC for 3, is this true? Also, what is the limit for claiming eic in regards to annual income? I hear it is 51,000 from friends and my sister says 75,000. I claim as head of household.
For EIC purposes only the maximum number of eligible children is 3.
For tax year 2020 the Maximum AGI for EIC when filing as Head of Household is $50,594 with 3 children
For tax year 2021 the Maximum AGI for EIC when filing as Head of Household is $51,464 with 3 children
Go to this IRS website for EIC information - https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned...