Get the up-to-date 2020 eic worksheet-2023 now

Get Form
Form preview image

Here's how it works

01. Edit your form online
01. Edit your eic worksheet online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send irs eic worksheet via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact 2020 eic worksheet online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Dochub is the best editor for modifying your paperwork online. Adhere to this straightforward guide to edit 2020 eic worksheet in PDF format online at no cost:

  1. Sign up and sign in. Create a free account, set a strong password, and proceed with email verification to start managing your forms.
  2. Add a document. Click on New Document and select the file importing option: add 2020 eic worksheet from your device, the cloud, or a secure URL.
  3. Make changes to the template. Use the upper and left-side panel tools to edit 2020 eic worksheet. Add and customize text, pictures, and fillable fields, whiteout unnecessary details, highlight the significant ones, and provide comments on your updates.
  4. Get your paperwork completed. Send the sample to other parties via email, create a link for faster document sharing, export the template to the cloud, or save it on your device in the current version or with Audit Trail added.

Try all the benefits of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
The Earned Income Tax Credit (EITC) is a work credit that may give you money back at tax time or lower the federal taxes you owe. The main requirement is that you must earn money from a job. The credit can eliminate any federal tax you owe at tax time.
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.
The EITC is generally available to workers without qualifying children who are at least 19 years old with earned income below $21,430 for those filing single and $27,380 for spouses filing a joint return. The maximum credit for taxpayers with no qualifying children is $1,502.
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.
For the 2020 tax year, the earned income credit ranges from $538 to $6,660 depending on your filing status and how many children you have. You can use either your 2019 income or 2020 income to calculate your EITC \u2014 you might opt to use whichever number gets you the bigger EITC.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The credit amount depends on your income, marital status, and family size. In 2021, the credit is worth up to $6,728. The credit amount rises with earned income until it reaches a maximum amount, then gradually phases out. Families with more children are eligible for higher credit amounts.
On Form 1040, find Line 1 on the middle of the first page. If you were NOT self-employed, and only received pay from your employer(s), that's your 2019 earned income.
Who qualifies for the earned income tax credit Number of childrenMinimum AGI to earn the creditCredit sizeZeroSingle: $9,820 Heads of household: $9,820 Married: $9,820$1,502OneSingle: $10,640 Heads of household: $10,640 Married: $10,640$3,618TwoSingle: $14,950 Heads of household: $14,950 Married: $14,950$5,9802 more rows • Mar 24, 2022
Tax Year 2021 (Current Tax Year) Children or Relatives ClaimedMaximum AGI (filing as Single, Head of Household, Widowed or Married Filing Separately*)Maximum AGI (filing as Married Filing Jointly)Zero$21,430$27,380One$42,158$48,108Two$47,915$53,865Three$51,464$57,414
In 2021, the credit is worth up to $6,728. The credit amount rises with earned income until it reaches a maximum amount, then gradually phases out. Families with more children are eligible for higher credit amounts. You cannot get the EITC if you have investment income of more than $10,000 in 2021.

eic 2020 worksheet