|
The earned income
tax credit is a refund that can be claimed by certain low-income
individuals who have earned income from employment.
If married filing jointly, earned income and adjusted gross income must
be under $33,030 with one “qualifying” child (as defined by the IRS);
under $37,263 with more than one qualifying child; and under $13,750
with no qualifying child.
Generally, for married taxpayers, a joint tax return is required to
claim the earned income credit. A separated spouse may be able to file a
separate return to claim the earned income credit if certain conditions
are met.
“Income” for the earned income credit excludes child support but not
alimony. Non-taxable income, such as certain retirement income or
contributions to a retirement plan, is also excluded income.
Back to index of articles
|
