Earned income credit worksheet 2020-2025

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You (and your spouse if you file a joint tax return) must: Meet the EITC basic qualifying rules. Have your main home in the United States for more than half the tax year. Not be claimed as a qualifying child on anyone elses tax return. Be at least age 25 but under age 65 (at least one spouse must meet the age rule)
You must: Have taxable earned income. Have a valid social security number or individual taxpayer identification number (ITIN) for you, your spouse, and any qualifying children. Not use married/RDP filing separate if married.
In general, disqualifying income is investment income such as taxable and tax-exempt interest, dividends, childs interest and dividend income reported on the return, childs tax-exempt interest reported on Form 8814, line 1b, net rental and royalty income, net capital gain income, other portfolio income, and net
Both your earned income and federal adjusted gross income (AGI) must be less than $30,951 to qualify for the California credit.
You have to be 25 or older but under 65 to qualify for the EIC. You also have to have lived in the United States for more than half of the year and cant be a dependent of another person. In 2024, you can earn up to $18,591 ($25,511 if married and filing a joint) with no qualifying children.
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If your adjusted gross income is greater than your earned income your Earned Income Credit is calculated with your adjusted gross income and compared to the amount you would have received with your earned income. The lower of these two calculated amounts is your Earned Income Credit.

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