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The amount the taxpayers qualify to claim for the Earned Income Tax Credit (EITC) is

The amount the taxpayers qualify to claim for the Earned Income Tax Credit (EITC) is

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Answer #1

ETIC is a tax credit which is given for the people who work for others or for themselves.

ETIC cannot be claimed if the tax filing status is Married filing separately.

There are several limits for ETIC,

The minimum earnings should be $1 and the investment income should not be more than $3,450. Should not have any foreign income or income from foreign assets.

The ceiling of AGI to claim EITC is as follows:

For Single, Head of Household or surviving spouse, having qualifying child:

Zero Qualifying Child - $15,010

One Qualifying Child - $39,617

Two - $45,007

Three or More - $48,340

For Married filing jointly status holders,

Zero Qualifying Child - $20,600

One Qualifying Child - $45,207

Two - $50,597

Three or More - $53,930

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