EIC (Earned Income Credit) Table for 2011, 2012

The Earned Income Credit (EIC) is available to taxpayers who fall into a low-income tax bracket established by the IRS. The earned income credit is usually a substantial amount and many benefit by claiming the earned income credit and getting a large tax refund.

You must meet the following requirements to be eligible for the EIC:

• You must be married and filing jointly, head of household, qualifying widow, or single. If married, you may not file separately.
• Qualifying children must be under 18, or full-time students.
• Household members must have valid Social Security numbers.
• You must be a U.S. Citizen.
• You must have earned income.
• You cannot be a qualifying child on someone else’s return.

If you meet the requirements for the earned income credit, you can
use the free tax calculators by TurboTax to calculate your earned income credit amount.

The amount of earned income credit money you are eligible for is determined by your income level and family size. The tax credit either increases your refund or reduces the amount of tax you owe.

EIC (Earned Income Credit) Table

Number of Children and Earned Income Credit Amount Income Limits

• 0 $457 $13,460 ($18,470- Married filing jointly)
• 1 $3,050 $35,535 ($40,545 – Married filing jointly)
• 2 $5,036 $40,363 ($45,373 – Married filing jointly)
• 3 or more $5,666 $43,352 ($48,362 – Married filing jointly)

There is only one limitation: taxpayers with investment income of more than $3,100 do not qualify for the EIC (Earned Income Credit).

Software such as TurboTax offers answers and assistance to any questions you may have. A tax professional is available 24 hours a day, 7 days a week. All of this is offered free when filing your taxes.

For more information visit TurboTax Online. Use the free tax calculator to see if you qualify, and to determine your earned income tax credit amount.

Related articles:

You May Qualify For The IRS Federal Earned Income Tax Credit

Earned Income Credit

EIC (Earned Income Credit) Table

Your Potential Earned Income Credit

What is the 2012 Earned Income Credit and How Does It Lower Taxes?

Maximize Your Refund by Filling out the Earned Income Credit Worksheet

Learn About the Earned Income Tax Credit & Deduction

Advance Earned Income Tax Credit

Family Tax Credit

 

Comments

[susan]

How much do you need to earn in order to qualify for the eic? i

[Betty Smith]

I plan on filing head of household but married filing seperate I have two children do I still qualify for EIC income was with in guide lines

[Cynthia Quick]

If you have a child whom is 19 years of age as of Dember 2011 but is mentally disabled can you file him under eic?

[scott morgan]

i have 2 children ages 2 and 4 and have lived with a friend 7 months last year am i able to let them claim my children cause she provided for me and my family the diration of that time and if so she made approx 13,000.00 would you know the tax table dollar amount for eic

[natalie]

I am a single mother of two i clean houses for a living for the last seven months how would i file this with taxes and would i qualify for EIC

[Aki]

I read a comment that says "workers without children may also qualify." do you support this statemen? If so, how is it done?