What is income limit for EIC? One page of Turbo Tax says $55,952 and another page says $52,493?
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It depends on the number of children that are being claimed for EIC. If you look at this IRS link, $52,493 is the limit for Married Filing Jointly for two children and $55,952 is for three children.
It depends on the number of children that are being claimed for EIC. If you look at this IRS link, $52,493 is the limit for Married Filing Jointly for two children and $55,952 is for three children.
Thank you so much! The statement on the first Turbo Tax page just says 'It is geared toward taxpayers with less than $55,952 of earned income. Although the credit is higher for people with qualifying children, it can also apply to some workers who do not have children.' so it is not clear about that being with 3 children - later on it says the lower amount I mentioned after it knows we have 2 qualifying children.
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