Ask AI
HomeGeneralP596-7

p596-7

Earned Income Credit (EIC) Table

The Earned Income Credit (EIC) is a tax credit designed to provide financial assistance to low-income individuals and families. The amount of the credit depends on various factors, including filing status, income, and the number of qualifying children. The following table provides the EIC amounts for the tax year 2023.

Single, Head of Household, or Qualifying Surviving Spouse

Filing StatusAt LeastBut Less ThanYour Credit Is
Single$0$9,950$1,502
Single$9,950$11,650$1,502
Single$11,650$15,570$5,980
Single$15,570-$5,980
Head of Household$0$14,950$1,502
Head of Household$14,950$16,650$1,502
Head of Household$16,650$20,570$5,980
Head of Household$20,570-$5,980
Qualifying Surviving Spouse$0$9,950$1,502
Qualifying Surviving Spouse$9,950$11,650$1,502
Qualifying Surviving Spouse$11,650$15,570$5,980
Qualifying Surviving Spouse$15,570-$5,980

Married Filing Jointly

Filing StatusAt LeastBut Less ThanYour Credit Is
Married Filing Jointly$0$19,900$1,502
Married Filing Jointly$19,900$21,600$1,502
Married Filing Jointly$21,600$25,520$5,980
Married Filing Jointly$25,520-$5,980

Married Filing Separately

Filing StatusAt LeastBut Less ThanYour Credit Is
Married Filing Separately$0$9,950$1,502
Married Filing Separately$9,
Copyright © 2024 MKG Tax Consultants . All rights reserved.