Publication 596 (2023): Earned Income Credit EIC

The EITC, or Earned Income Tax Credit, is a refundable tax credit for low- and moderate-income workers. It reduces the amount of tax you owe or increases your tax refund. Publication 596 (2023) explains the EITC, who qualifies, and how to claim it on your tax return.

Who may qualify for the EITC?

  • You must have earned income from working, such as wages, salaries, or tips.
  • Your filing status must be single, married filing jointly, head of household, or qualifying widow(er) with dependent child.
  • You must meet certain income limits based on your filing status and the number of qualifying children you have.

Here's a quick overview of the income limits for 2023:

  1. Three or more qualifying children: Less than $56,838 (married filing jointly: $63,398)
  2. Two qualifying children: Less than $52,918 (married filing jointly: $59,478)
  3. One qualifying child: Less than $46,560 (married filing jointly: $53,120)
  4. No qualifying child: Less than $17,640 (married filing jointly: $24,210)

How to claim the EITC?

File Form 1040, 1040A, or 1040EZ and attach Schedule EIC.

For the current year's Publication 596, click here.

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