Earned income tax credit eitc irs publication 4194 form-2025

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The Earned Income Tax Credit is a refundable tax credit intended to reduce poverty. This tax credit is primarily available for families with children, and it phases out as you earn more money. The Child Tax Credit is a partially refundable tax credit intended to help parents pay for raising children.
If you filed a 2022 tax return and received the EIC, it will be listed on IRS Form 1040, line 27.
This includes if: You or your spouse dont have a valid SSN. Your AGI is too high: your earned income and AGI exceed certain limits, you may not be eligible for the EIC. Your investment or foreign income is too high: Both scenarios disqualify you from taking the credit.
A child over age 16 no longer qualifies for the Child Tax credit (CTC). Although a child can still be a student dependent through age 23, and a qualifying child for EIC, the Child Tax Credit expires the year they turn 17 and you no longer get the $2000 CTC.
Key Takeaways. If you earned less than $66,819 (if Married Filing Jointly) or $59,899 (if filing as Single, Qualifying Surviving Spouse or Head of Household) in tax year 2024, you may qualify for the Earned Income Credit (EIC). These amounts increased from $63,398 and $56,838, respectively, for 2023.
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No qualifying children: $632. 1 qualifying child: $4,213. 2 qualifying children: $6,960. 3 or more qualifying children: $7,830.
No. The child tax credit is a credit for having dependent children younger than age 17. The Earned Income Credit (EIC) is a credit for certain lower-income taxpayers, with or without children. If youre eligible, you can claim both credits.

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