The National Directory of Certified Public Accountants

Ask A CPA - Earned Income Credit

Earned Income Credit

The Earned Income Tax Credit is a refundable federal income tax credit for low to moderate income working individuals and families. Individuals may receive refunds more than what was withheld in federal withholding taxes from their wages. For the 2016 Tax Year Earned Income and adjusted gross income (AGI) must each be less than: $47,955 ($53,505 married filing jointly) with three or more qualifying children $44,648 ($50,198 married filing jointly) with two qualifying children $39,296 ($44,846 married filing jointly) with one qualifying child $14,880 ($20,430 married filing jointly) with no qualifying children Tax Year 2016 maximum credit: $6,269 with three or more qualifying children $5,572 with two qualifying children $3,373 with one qualifying child $506 with no qualifying children Investment income must be $3,400 or less for the year.

If you need professional help with "Earned Income Credit" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.