2014 Earned Income Tax credit (EITC)

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[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 ItemWith 1 ChildWith 2 ChildrenWith 3+ ChildrenNo Children
1. Maximum 2014 Earned Income Tax Credit Amount$3,305$5,460$6,143 $496
2. Earned Income required to get the maximum credit (lower limit)$9,720 $13,650 $13,650 $6,480
3. Starting 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. Starting 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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9 Comments on "2014 Earned Income Tax credit (EITC)"

Tired

If you didn’t pay it in you should get any back.

Mag

Can my 17yr old daughter in high school still get the full eitc ?

Lewis

I think I can understand why you guys are making such low incomes… The chart is simple, for those of you with more than one kid, unless you made at least 13,650, you aint gettin squat.

Deland

Nope.It says you get the full amount (starting) at around 9,720.
If you make less u get less, and if you make more you get less.I think the 13,000 you reference is the upper end when you start getting less.
So to summarize, You get the maximum between 9720 & 13000.

Pamela Battle

If I grossed 12,500 this yr and I have 3kids how much am I looking to receive back

Tiara

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

april

As long as you make more than 13,650 you will receive the full amount 5,460.

Andrew j Hughes,jr

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

[…] Assistant –  People can see if they qualify for the Earned Income Tax Credit (EITC) by answering a few questions using this online tool. Eligible taxpayers can also use another […]

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