Earned Income Tax Credit
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.
Find the maximum AGI (Adjusted Gross Income, or your income after certain deductions are removed), investment income and credit amounts for tax year 2020.
|
Children or Relatives Claimed |
Maximum AGI |
Maximum AGI |
|---|---|---|
| Zero |
$15,820 |
$21,710 |
| One |
$41,756 |
$47,646 |
| Two |
$47,440 |
$53,330 |
| Three |
$50,594 |
$56,844 |
Investment income limit: $3,650 or less
Maximum Credit Amounts
The maximum amount of credit you can claim
-
No qualifying children: $538
-
1 qualifying child: $3,584
-
2 qualifying children: $5,920
- 3 or more qualifying children: $6,660
Credit: Internal Revenue Service
If you have more questions about the Earned Income Tax Credit reach out to PLA at 215-981-3800 from 9:30 a.m. to 12 p.m., Monday through Thursdays. You can also read more about the EITC on the IRS website.