Will I qualify for 2015 Earned Income Tax Credit (EITC)?

EITC for tax year 2014, filed on your 2015 Tax Return

Will I qualify for the Earned Income Tax Credit this year? 

Your income may have changed or you might have separation/divorce issues that can change circumstances. When you file your tax return in 2015 for the 2014 tax year, income limits ad tax laws may have been updated.  Below are the maximum credit amounts for Earned Income Tax Credit for tax year 2014.

Read more here and join the IGMR EITC Discussion Group.

Tax Year 2014 maximum credit:

  • $6,143 with three or more qualifying children
  • $5,460 with two qualifying children
  • $3,305 with one qualifying child
  • $496 with no qualifying children

To qualify for this credit, it is based on several factors to include your adjusted gross income (AGI).  Tax Year 2014 (for which you will file your return in 2015) earned income and gross AGI must both be less than:

Income Limits:

  • $46,997 ($52,427 married filing jointly) with three or more qualifying children
  • $43,756 ($49,186 married filing jointly) with two qualifying children
  • $38,511 ($43,941 married filing jointly) with one qualifying child
  • $14,590 ($20,020 married filing jointly) with no qualifying children

Also to qualify for the credit, there are rules that must be followed or your return could be subject to an EITC review which could delay your refund.

Read more about the EITC qualifying child rules to make sure you maximize your refund in 2015:

Qualifying Child Rules

igotmyrefund.com EITC Discussion Group

Image Credit:  irs.gov

POST YOUR ACTUAL TAX REFUND EXPERIENCE HERE: This is a “user to user” site and the primary mode of support is peer-to-peer, meaning users helping other users. Admin and moderators are not always present or may not have answers to questions. Users becomes more informed when they are here often to read and comment. We call them Top Contributors. We are not a group of experts, merely individuals who have learned more than we ever wanted to know about the tax refund process.

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What Others Are Saying:

  1. jemar707

        @What in the WORLD: Hello long time lurker! Thanks for joining, we don’t bite (well most of us…lol) That’s odd that HRB and TT are giving you 2 different results, but I hear that a lot from people….doesn’t make sense to me because the rules are the rules (what I tell my kids). Is there anything different you entered between the 2 by mistake? EITC qualifying child rules should be consistent between HRB and TT.

        The rules are here with some other helpful links at the bottom: http://igotmyrefund.com/earned-income-tax-credit-qualifying-child-rules/

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