The Earned Income Tax Credit is a refundable tax-credit that the government makes available to low-to-moderate income working families.
How much money you ask?
If you’re single, you have three or more kids, and you make less than $47,955 then the maximum credit that you can earn is $6,269.
If you’re single, you have two kids, and you make less than $44,648 then the maximum credit that you can earn is $5,572.
If you’re single, you have one kid, and you make less than $39,296 then the maximum credit that you can earn is $3,373.
If you’re single, you have no kids, and you make less than $14,880 then the maximum credit that you can earn is $506.
If you’re married, filing jointly, you have three kids, and you make less than $53,505 then the maximum credit that you can earn is $6,269.
If you’re married, filing jointly, you have two kids, and you make less than $50,198 then the maximum credit that you can earn is $5,572.
If you’re married, filing jointly, you have one kid, and you make less than $44,846 then the maximum credit that you can earn is $3,373.
If you’re married, filing jointly, you have no kids, and you make less than $20,430 then the maximum credit that you can earn is $506.
Here is the link to the IRS website where the figures above source from - https://www.irs.gov/credits-deduction....
Here is a link to a site I used to obtain the standard deduction information - http://taxfoundation.org/article/2016....
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