guidelines for earned income credit


51 people found this helpful

See if you qualify on the IRS site:’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):

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,-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
Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community