Sentences with phrase «maximum earned income credit»

If you have more than one qualifying child, the maximum earned income credit is $ 4,716, and is $ 428 if you have no qualifying children.

The 2017 maximum Earned Income Credit amount is $ 6,318 for taxpayers filing jointly who have three or more qualifying children, up $ 49 from tax year 2016.

Not exact matches

2017's maximum Earned Income Tax Credit for singles, heads of households, and joint filers is $ 510, if the filer has no children (Table 9).

For families with three or more children, the maximum Earned Income Tax Credit for 2010 rises by $ 628.50.

The credit (up to a maximum of $ 2,000 per year) is based on the net reduction of federal tax that would be realized if up to $ 50,000 of the taxpayer's taxable income was transferred to a lower - income earning eligible spouse or common - law partner.

Liberals: Increase the maximum Canada Student Grant to $ 3,000 per year for full - time students and to $ 1,800 per year for part - time students; increase the income thresholds for Canada Student Grant eligibility, giving more students access to the program; cancel existing textbook tax credits; eliminate the need for graduates to repay their student loans until they are earning at least $ 25,000 per year; invest $ 50 million in additional annual support to the Post-Secondary Student Support Program for Indigenous students attending post-secondary school.

Taxpayers may qualify for the earned income credit if their adjusted gross income annually is less than the maximum threshold allowance.

Does the Earned Income Credit go up with each child you claim, and what is the maximum dependent you can claim on an EIC?

The Earned Income Credit is only available if your adjusted gross income, or AGI, is less than the applicable maximum for the taxIncome Credit is only available if your adjusted gross income, or AGI, is less than the applicable maximum for the taxincome, or AGI, is less than the applicable maximum for the tax year.

Your 2015 maximum Earned Income Tax Credit amount varies based on the number of your qualifying children:

The maximum credit you can claim under the domestic production activities tax deduction is 9 % of the income you earn from the business.

The maximum income you can earn and still be eligible for the credit has been increased to $ 39,783 if you are married and filing a joint tax return, or $ 37,783 if you are single or filing separately and have more than one child.

The earned income credit amount for one qualifying child has increased to a maximum of $ 2,853.

Earned income tax credit — the maximum income you can have while still qualifying for the EITC increased for each filing status.