2014 Earned Income Tax credit (EITC)


[2014 EIC Update] The IRS has released 2014 Earned Income Tax credit (EITC) details which are shown in the table below. There have been some minor increases to the EITC amount and qualifying limits following inflation adjustments.

Qualification Item
With 1 Child
With 2 Children
With 3+ Children
No Children
1. Earned Income Amount (minimum income earned reqd to claim credit)$9,720 $13,650 $13,650 $6,480
2. Maximum Amount of Credit$3,305$5,460$6,143 $496
3. Threshold Phaseout Amount (Single, Surviving Spouse, or Head of Household) $17,830 $17,830 $17,830$8,110
4. Completed Phaseout Amount (Single, Surviving Spouse, or Head of Household)$38,511$43,756$46,997$14,590
5. Threshold Phaseout Amount (Married Filing Jointly)$23,260$23,260 $23,260$13,540
6. Completed Phaseout Amount (Married Filing Jointly)$43,941$49,186$52,427$20,020

How to read the table above. The “earned income amount” (line 1) is the amount of income (minimum limit) at or above which the maximum amount of the earned income credit (line 2) is allowed. The “threshold phaseout amount (lines 3 and 5 depending on filing status) and “completed phaseout amount” (lines 4 and 6 depending on filing status) are the adjusted gross income (AGI) ranges from where the EITC begins to phase out to where it reaches $0, or the income at or above which no credit is allowed. These ranges change depending on the filing status.

Also in 2014, the earned income tax credit cannot be claimed if the aggregate amount of certain investment income exceeds $3,350.

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{ 2 comments… read them below or add one }

Tiara December 4, 2014 at 11:31 pm

about how much does a single person claiming a 8mos old and a 1 yr old making less than 23,000 get back I dont understand the chart


Andrew j Hughes,jr October 29, 2014 at 8:47 pm

What is the amount of earned income tax credit on $8675 with (1) one exemption for year 2014? Thanks alot . Andrew J Hughes,JR


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