Earned Income Credit (EIC)

For 2023, the maximum credit increased to:

• $7,430 with three or more children
• $6,604 with two children
• $3,995 with one child
• $600 with no children

Earned Income and AGI Amounts Increased

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

• $56,838 ($63,398 if Married Filing Jointly) with three or more qualifying children
• $52,918 ($59,478 if Married Filing Jointly) with two qualifying children
• $46,560 ($53,120 if Married Filing Jointly) with one qualifying child
• $17,640 ($24,210 if Married Filing Jointly) with no qualifying child

Investment Income

Taxpayers whose investment income is more than $11,000 cannot claim the EIC.