What is the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.
You may claim the EITC if your income is low- to moderate. The amount of your credit may change if you have children, dependents, are disabled or meet other criteria.
Use the EITC qualification assistant to find out if you qualify and for how much.
Please see Publication 596 for more information on the Earned Income Tax Credit
Threshold for Tax Year 2022
The low-to-moderate income threshold for FY 2023, Tax Year 2022, is $60,000.
The threshold is based on tax year 2022 EITC AGI limits as shown below:
Earned income and adjusted gross income (AGI) must each be less than:
• $53,057 ($59,187 if Married Filing Jointly) with three or more qualifying
• $49,399 ($55,529 if Married Filing Jointly) with two qualifying children
• $43,492 ($49,622 if Married Filing Jointly) with one qualifying child
• $16,480 ($22,610 if Married Filing Jointly) with no qualifying child
The maximum EITC for 2022:
• $6,935 with three or more qualifying children
• $6,164 with two qualifying children
• $3,733 with one qualifying child
• $560 with no qualifying child
Investment income limit: $10,300