guidelines for earned income credit

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    See if you qualify on the IRS site:
    http://www.irs.gov/Individuals/EITC-Home-Page--It’s-easier-than-ever-to-find-out-if-you-qualify-for-EITC

    Qualifying Child Rules (has to be under 19 or under 24 and a full time student):
    http://www.irs.gov/Individuals/Qualifying-Child-Rules

    You can qualify for the EIC without a qualifying child if you are at least age 25 but under age 65 and your earned income and AGI is less than $14,310 ($19,680 if married filing jointly).

    You can not get the EIC if you file Married Filing Separately.
    You can not get the EIC if you are a dependent on someone else's return.
    Income from a K-1 does not count as earned income for the EIC.
    The EIC is a refundable credit, meaning you can get it even if you owe no income tax.


    IRS EIC info  http://www.irs.gov/Individuals/Preview-of-2012-EITC-Income-Limits,-Maximum-Credit--Amounts-and-Tax-Law-Updates

    Depending on income, EIC goes up, peaks, then goes down again to zero as income rises.  So if you make near the max income to qualify, you will get a lower amount for EIC.

    2013 Earned Income and Adjusted Gross Income (AGI) must each be less than:
    $46,227 ($51,567 married filing jointly) with three or more qualifying children
    $43,038 ($48,378 married filing jointly) with two qualifying children
    $37,870 ($43,210 married filing jointly) with one qualifying child
    $14,310 ($19,680 married filing jointly) with no qualifying children

    Tax Year 2013 maximum credit:
    $6,044 with three or more qualifying children
    $5,372 with two qualifying children
    $3,250 with one qualifying child
    $487 with no qualifying children
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