Question

Required information Skip to question [The following information applies to the questions displayed below.] In 2019, Zach is single with no dependents. He is not claimed as a dependent on another’s return. All of his income is from salary and he does not have any for AGI deductions. What is his earned income credit in the following alternative scenarios? Use Exhibit 8-10. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

c. Zach is 29 years old and his AGI is $17,900.

Answer 1

Answer to Question:

The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children.

The amount of EITC benefit depends on a recipient's income and number of children.

Childless workers that have incomes below about $15,570 ($21,370 for a married couple) can receive a very small EITC benefit. U.S. tax forms 1040EZ, 1040A, or 1040 can be used to claim EITC without qualifying children.

For tax year 2019, the maximum EITC benefit for a single person or couple filing without qualifying children is $529.

For Zach being single with no dependants, Therefore, Zach's earned income credit for 2019 is $529