Internal Revenue Service United States Department of the Treasury
Module 11: Earned Income Credit

Page 3 of 13

 

The earned income credit is a tax credit for certain people who work and have earned income and adjusted gross income under a specified limit.

For 2014, earned income and adjusted gross income must be less than:

  • $46,997 ($52,427 if Married Filing Jointly) with three or more qualifying children
  • $43,756 ($49,186 if Married Filing Jointly) with two qualifying children
  • $38,511 ($43,941 if Married Filing Jointly) with one qualifying child
  • $14,590 ($20,020 if Married Filing Jointly) with no qualifying child

This credit is called the "earned income" credit because to qualify, you must work and have earned income. Earned income includes wages, salaries, and tips that are includible in gross income and net earnings from self-employment earnings.

Many rules apply to the earned income credit.

Be patient as you learn about the requirements to claim the credit.

 

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