EITC Tax Credit Table 2022 & 2023

EITC tax credit table

EITC tax credit table or Earned Income Tax Credit table presents various conditions that a taxpayer must fulfill to claim EIC credit . For example ,there is a limit on the maximum amount of EITC tax credit that you can claim. Then, you must satisfy the age limit and also minimum earned income as well as maximum investment income that a claimant of EIC credit can have. This page will have all the necessary limitation figures in EIC tables.The EITC figures for these limitations are for two years – tax year 2022 (filing April 2023) & 2023 (Filing April, 2023 )tax return:

2022 EITC Tax Credit Table -Max Credit ,Max AGI ,Phaseout Threshold

No of ChildrenMaximum Credit PossibleMinimum Earning RequiredMaximum AGI
above which you don’t get eitc
Maximum AGI
above which you dont get eitc
Phaseout BeginsPhaseout Begins
All othersMarried Filing
Jointly
All othersMarried Filing Jointly
One3,73310,98043,492496222013026260
Three or More6,93515,41053,057591872013026260
Two6,16415,41049,399555292013026260
Zero1,5029,82021,430273801161017560

In case of tax year 2022 , it must be noted that the Build Back Better Act (BBBA; H.R. 5376) passed on November 19, 2021 extended the 2021 expansion of the earned income tax credit (EITC) through the American Rescue Plan Act (ARPA, P.L. 117-2) for taxpayers without qualifying children for one year—2022. So, BBBA extended the maximum credit available to childless tax paers to $1,502 from $600 and also brought in relaxation in age for the claimaints.

2023 EITC Tax Credit Table- Max Credit & Phaseout Threshold

Children or Relatives ClaimedMax CreditMin Wage EarningMaxAGI
above which
you don’t get EITC
Max AGI
above which
you don’t
get EITC
Phase Out beginsPhase Out begins
Minimum EarningAll othersFiling as Married Filing JointlyAll othersFiling as Married Filing Jointly
Zero60078401764024210980016370
One39951175046560531202156028120
Two66041651052918594782156028120
Three or More74301651056838633982156028120

EITC Tax Credit Table – Age ,Investment & Other Limits for 2022 & 2023

ParticularsTax Year 2022Tax Year 2023
Minimum AgeGeneral 25 years
But BBBA relaxed this criteria
>19 years for most workers
>24 years for part-time students
>18 years for former foster youth and homeless youth

Maximum AgeNo Restriction* ( due to BBBA)64 Years
Maximum Investment Income$10,600$11,000

The genral rule on age of the low income earner is that the minimum age should be 25 and maximum age of the claimant is 64 years. The ARPA or American Rescue Plan Act relaxed the age for tax year 2021 . This was extended to year 2022 through BBBA .

EITC Tax Credit Table -Other Conditions 2022 & 2023

  • You must have worked and earned income under a thresold as given below in 2022 and 2023 chart.
  • You must have a valid Social Security number (SSN)  by the due date of your 2021 return (including extensions)
  • You must be a U.S. citizen or a resident alien all year
  • You did not file Form 2555 (related to foreign earned income)

Have you tested our calculator for EITC tax credit for 2022 & 2023 ?

Source for EITC tax credit table

  1. Revenue-Procedure 2022-38

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