Earned Income Tax Credit (EITC)

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What is a Tax Credit• Credits are designed to offset tax liability• Refundable credits• Nonrefundable credits

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EITC Rules• Taxpayer with kids:

o Kids must pass three tests (similar to QC test):• Relationship Test• Age Test• Residency Test• *No support test!

• Taxpayers without kids:o Taxpayer or Spouse must be 25 to 64o Cannot be claimed on another’s returno Live in the US for more than 6 months

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EITC Income Limits

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Unmarried Married Filing Jointly

Number of Kids

$46,997 $52,427  3

$43,756 $49,186 2

$38,511 $43,941  1

$14,590 $20,020  0

Maximum Credit

Maximum Credit Amount

Number of Children Claimed

$6,143 3

$5,460 2

$3,305 1

$496 0

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EITC and Dependents

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• Check EITC box if dependent is eligible

TaxWise

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