{"id":5804,"date":"2024-01-01T10:17:00","date_gmt":"2024-01-01T10:17:00","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=5804"},"modified":"2024-01-30T05:02:26","modified_gmt":"2024-01-30T05:02:26","slug":"earned-income-tax-credit-calculator","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/","title":{"rendered":"2024 Earned Income Tax Credit Calculator &#038; Table"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-1024x576.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-300x169.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-768x432.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-150x84.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-750x422.webp 750w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-1140x641.webp 1140w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-1024x576.png\" height=\"576\" width=\"1024\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-1024x576.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-300x169.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-768x432.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-150x84.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-750x422.png 750w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator-1140x641.png 1140w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/EITC-tax-credit-table-calculator.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"wp-image-7484 sp-no-webp\" alt=\"\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/figure>\n\n\n\n<p>The&nbsp;Earn Income Tax Credit or EITC credit calculator is built by considering various eligibility conditions, income limits, and phase-out thresholds for the tax years 2022 and 2023. The earned income credit law is provided under section \u00a7 <a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/32\" target=\"_blank\" rel=\"noopener\">32(b) of 26 US Code<\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-663b794723d1f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-663b794723d1f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#What_is_an_Earned_Income_Tax_Credit\" title=\"What is an Earned Income Tax Credit?\">What is an Earned Income Tax Credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#Earned_Income_Tax_Credit_Calculator_for_2024_2023\" title=\"Earned Income Tax Credit Calculator for 2024 &amp; 2023\">Earned Income Tax Credit Calculator for 2024 &amp; 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#Is_the_Earned_Income_Tax_Credit_Refundable\" title=\"Is the Earned Income Tax Credit Refundable?\">Is the Earned Income Tax Credit Refundable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#Does_EITC_Delay_Refunds\" title=\"Does EITC Delay Refunds?\">Does EITC Delay Refunds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#Who_is_eligible_for_earned_income_tax_credit\" title=\"Who is eligible for earned income tax credit?\">Who is eligible for earned income tax credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#2024_EITC_Table\" title=\"2024 EITC Table\">2024 EITC Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#2023_EITC_Table\" title=\"2023 EITC Table\">2023 EITC Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.irstaxapp.com\/earned-income-tax-credit-calculator\/#What_is_the_age_limit_for_claimants_of_EITC_credit\" title=\"What is the age limit for claimants of EITC credit?\">What is the age limit for claimants of EITC credit?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_an_Earned_Income_Tax_Credit\"><\/span>What is an Earned Income Tax Credit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The earned income tax credit, or the EITC, is a refundable tax credit given automatically when a  low-income wage\/salary earner files a tax return and fulfils certain conditions set by IRC 32(b). Since the EITC credit is refundable, it means that if there is any net balance after adjusting the tax liability for the year, the IRS will refund you. Therefore, in many cases, when low wage earners have very low taxes or nil liability, the EIC credit will be credited to their bank accounts. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Earned_Income_Tax_Credit_Calculator_for_2024_2023\"><\/span>Earned Income Tax Credit Calculator for 2024 &amp; 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/gsheetpress.com\/calculator?id=1667793736519\" name=\"calculator\" frameborder=\"no\" width=\"750px\" height=\"990px\" align=\"center\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_Earned_Income_Tax_Credit_Refundable\"><\/span>Is the Earned Income Tax Credit Refundable?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Earned Income Tax Credit (EIC) is a <a href=\"https:\/\/www.irstaxapp.com\/refundable-tax-credits-2022-2023\/\">refundable tax credit<\/a>. This means that even if the credit exceeds the taxes owed, the taxpayer can still receive a refund for the difference. For example, if a taxpayer owes $500 in taxes but is eligible for a $1,000 EIC, they would receive a refund of $500.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_EITC_Delay_Refunds\"><\/span>Does EITC Delay Refunds?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes, generally. IRS scrutinizes the tax return claiming the earned income tax credit because many eligibility conditions are attached to the EITC credits. IRS needs to follow the law Protecting Americans from Tax Hikes (PATH Act) that provides that the IRS can not issue the refund claim due to the EITC or ACTC before mid-February. In fact, the claim of EITC may trigger an <a href=\"https:\/\/www.irstaxapp.com\/irs-tax-audit-triggers\/\">IRS audit<\/a>. So, our<a href=\"https:\/\/www.irstaxapp.com\/tax-refund-calendar-date-calculator\/\"> refund date tax calculator <\/a>does not work for the EITC refund cases.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_eligible_for_earned_income_tax_credit\"><\/span>Who is eligible for earned income tax credit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are the conditions for claiming  EITC on 2022 (filing April 2023)  &amp; 2023 (Filing April 2023 )tax returns:<\/p>\n\n\n\n<ul class=\"has-medium-font-size\">\n<li>Your <strong>investment income<\/strong> was <strong>$11,600 <\/strong>or less during the tax year 2024 and <strong>$11.000<\/strong> for the tax year 2023<\/li>\n\n\n\n<li>You must have worked and&nbsp;earned income&nbsp;under a threshold as given below in the 2024 and 2023 charts.<\/li>\n\n\n\n<li>You must have a&nbsp;valid Social Security number (SSN) &nbsp;by the due date of your 2021 return (including extensions)<\/li>\n\n\n\n<li>You must be a&nbsp;U.S. citizen or a resident alien&nbsp;all year<\/li>\n\n\n\n<li>You did not file <strong><a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-form-2555\" target=\"_blank\" rel=\"noopener\">Form 2555 <\/a><\/strong>(related to<a href=\"https:\/\/www.irstaxapp.com\/foreign-earned-income-exclusion\/\">\u00a0foreign-earned income<\/a>)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2024_EITC_Table\"><\/span>2024 EITC Table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-medium-font-size\"><table class=\"has-black-color has-text-color has-background\" style=\"background-color:#e8f3f9\"><tbody><tr><td>Children or Relatives Claimed<\/td><td><strong>Max Credit<\/strong><\/td><td><strong>Min Earning<\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>PHASEOUT ENDS-<\/strong><\/mark><br><strong>All others<\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>PHASEOUT ENDS<\/strong><\/mark>&#8211;<br><strong>Filing as Married Filing Jointly<\/strong><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">PHASEOUT BEGINS-<\/mark><\/strong><br><strong>All others<\/strong><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">PHASEOUT BEGINS-<\/mark><\/strong><br><strong>Married Filing Jointly<\/strong><\/td><\/tr><tr><td>One<\/td><td>$3,733<\/td><td>$12,390<\/td><td>$49,084<\/td><td>$56,004<\/td><td>$22,720<\/td><td>$29,640<\/td><\/tr><tr><td>Three or More<\/td><td>$7,830<\/td><td>$17,400<\/td><td>$59,889<\/td><td>$66,819<\/td><td>$22,720<\/td><td>$29,640<\/td><\/tr><tr><td>Two<\/td><td>$6,960<\/td><td>$17,400<\/td><td>$55,768<\/td><td>$62,688<\/td><td>$22,720<\/td><td>$29,640<\/td><\/tr><tr><td>Zero<\/td><td>$632<\/td><td>$8,260<\/td><td>$18,591<\/td><td>$25,511<\/td><td>$10,330<\/td><td>$17,250<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2023_EITC_Table\"><\/span>2023 EITC Table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-medium-font-size\"><table class=\"has-black-color has-text-color has-background\" style=\"background-color:#cef7e7\"><tbody><tr><td><strong>Children or Relatives Claimed<\/strong><\/td><td><strong>Max Credit<\/strong><\/td><td><strong>Minimum Earning<\/strong><\/td><td><strong>Maximum AGI above which you don&#8217;t get eitc<\/strong><\/td><td><strong>Maximum AGI above which you don&#8217;t get eitc<\/strong><\/td><td><strong>Phase Out begins<\/strong><\/td><td><strong>Phase Out begins<\/strong><\/td><\/tr><tr><td><\/td><td><\/td><td>Minimum Earning<\/td><td>All others<\/td><td>Filing as Married Filing Jointly<\/td><td>All others<\/td><td>Filing as Married Filing Jointly<\/td><\/tr><tr><td>Zero<\/td><td>600<\/td><td>7840<\/td><td>17640<\/td><td>24210<\/td><td>9800<\/td><td>16370<\/td><\/tr><tr><td>One<\/td><td>3995<\/td><td>11750<\/td><td>46560<\/td><td>53120<\/td><td>21560<\/td><td>28120<\/td><\/tr><tr><td>Two<\/td><td>6604<\/td><td>16510<\/td><td>52918<\/td><td>59478<\/td><td>21560<\/td><td>28120<\/td><\/tr><tr><td>Three or More<\/td><td>7430<\/td><td>16510<\/td><td>56838<\/td><td>63398<\/td><td>21560<\/td><td>28120<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_age_limit_for_claimants_of_EITC_credit\"><\/span>What is the age limit for claimants of EITC credit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The general rule on the age of the low-income earner is that the minimum age should be 25, and the maximum age of the claimant is 64 years. You can also check the <a href=\"https:\/\/www.irstaxapp.com\/eic-table\/\">2023 &amp; 2024 EIC table<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Earn Income Tax Credit or EITC credit calculator is built by considering various eligibility conditions, income limits, and phase-out thresholds for the tax years 2022 and 2023. The earned income credit law is provided under section \u00a7 32(b) of 26 US Code. What is an Earned Income Tax Credit? The earned income tax credit, or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5804"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=5804"}],"version-history":[{"count":15,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5804\/revisions"}],"predecessor-version":[{"id":7526,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5804\/revisions\/7526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/7484"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=5804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/categories?post=5804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/tags?post=5804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}