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To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Use the EITC tables to look up maximum credit amounts by tax year.
- EITC
The Earned Income Tax Credit (EITC) helps low- to...
- Qualifying Child Rules
To be a qualifying child for the EITC, your child must be:...
- 2023 Publication 17
Your Federal Income Tax. For Individuals. Contents. What's...
- EITC
2023 Tax Table: See the instructions for line 16 to see if you must use the Tax Table below to figure your tax.
Your Federal Income Tax. For Individuals. Contents. What's New..... 1 Reminders..... 2 Introduction..... 3 Part One. The Income Tax Return..... 6 1Filing Information..... 6 2Filing Status..... 21 3 Dependents..... 26 4 Tax Withholding and Estimated Tax..... 37 Part Two. Income and Adjustments to Income..... 46 5 Wages, Salaries, and Other ...
The 2023 Tax Tables, included within the 1040 instruction booklet, offer a simplified method to calculate your federal income tax for the 2023 tax year. What are the Tax Tables? The Tax Tables are pre-calculated values based on your taxable income and filing status.
Income Limits and Amount of EITC for additional tax years. See the earned income and adjusted gross income (AGI) limits, maximum credit for the current year, previous years and the upcoming tax year.
As of December 2023, more than 23 million workers and families received about $57 billion in EITC. The average amount of EITC received nationwide in tax year 2022 was about $2,541. However, there are still millions of people not taking advantage of this valuable credit.
Key Points To Remember About the 2023 EITC Tables: A. Eligibility. Your eligibility depends on your earned income, filing status, and the number of qualifying children. Refer to the EITC-Table to find your income range and filing status. B. Maximum Credit Amounts: No qualifying children: $600. 1 qualifying child: $3,995.
