Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During 2019, Diane's wages are $18,900 and she receives dividend income of $900.
Earned Income Credit Phase-Out Ranges | ||||||||
Number of Qualifying Children | Other than joint filers | Joint filers | ||||||
Phaseout Begins | Phaseout Ends | Phaseout Begins | Phaseout Ends | |||||
None | $8,650 | $15,570 | $14,450 | $21,370 | ||||
1 | 19,030 | 41,094 | 24,820 | 46,884 | ||||
2 | 19,030 | 46,703 | 24,820 | 52,493 | ||||
3 or more | 19,030 | 50,162 | 24,820 | 55,952 |
Calculate Diane's earned income credit using the EIC table in
Appendix B.
$
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