Children

2017, 2016 and 2015 Earned Income Tax Credit (EIC) Qualification Income Limits

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[Updated] Below are the final IRS published 2016 and 2017 Earned Income Tax credit (EITC) figures. You can reference IRS publication 596 or use online tax providers like TurboTax or H&R Block to get a free estimate of the specific credit amount you would get. How to read the EITC tables: The maximum earned income credit allowed/payable for the given tax year is […]

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2017 vs 2018 Child Tax Credit Qualification and Income Thresholds with Trump GOP Tax Reform Updates

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[Trump/GOP Tax Reforms and impact to CTC] As part of GOP tax reform bills to support President Trump’s tax reform agenda, there were provisions in place to increase the child tax credit (CTC) from the current $1,000 to $1,600 (House bill) or to $2,000 (Senate bill). However in the final/reconciled bill the CTC is set to $2,000 per […]

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