Who qualifies for earned income credit?
On One Hand: Most Parents Qualify for Earned Income CreditIndividuals or couples with dependent children usually qualify for an earned income credit if they make less than $35,000 with one child, $40,295 with two children, and $43,279 with three children or more. If a couple files jointly, their combined income can be $5,000 more and still qualify for an earned income credit. For instance a couple filing jointly can qualify if they earn less than $40,000 with one child, $45,295 with two children, and $47,279 with three or more children,On the Other: Low Earning Singles QualifyIndividuals who are not parents can still qualify for an earned income credit if they earned less than $13,440.Bottom LineIndividuals with children have a higher chance of receiving an earned income credit if they are low to middle wage earners.
