Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Important Changes This Year

Taxes and Credits

Earned Income Credit (EIC)

For 2021, the maximum credit increased to:

  • $6,728 with three or more children
  • $5,980 with two children
  • $3,618 with one child
  • $1,502 with no children

Taxpayers may be able to elect to use their 2019 earned income to figure the EIC if their 2019 earned income is more than their 2021 earned income. To be eligible for a full or partial credit, the taxpayer must have earned income of at least $1 but less than:

  • $51,464 ($57,414 if Married Filing Jointly) with three or more qualifying children
  • $47,915 ($53,865 if Married Filing Jointly) with two qualifying children
  • $42,158 ($48,108 if Married Filing Jointly) with one qualifying child
  • $21,430 ($27,380 if Married Filing Jointly) with no qualifying child

Investment Income

Taxpayers whose investment income is more than $10,000 cannot claim the EIC.

Portion of the EIC table