Earned Income Credit (EIC)

For 2022, the maximum credit increased to:

• $6,935 with three or more children
• $6,164 with two children
• $3,733 with one child
• $560 with no children

To be eligible for a full or partial credit, the taxpayer must have earned income and AGI of at least $1 but less than:

• $53,057 ($59,187 if Married Filing Jointly) with three or more qualifying children
• $49,399 ($55,529 if Married Filing Jointly) with two qualifying children
• $43,492 ($49,622 if Married Filing Jointly) with one qualifying child
• $16,480 ($22,610 if Married Filing Jointly) with no qualifying child

Investment Income

Taxpayers whose investment income is more than $10,300 cannot claim the EIC.