Get Publication EIC: Indiana Earned Income Credit

About Publication 596, Earned Income Credit.

For 2023, the maximum EITC amounts are (1) $600 for a taxpayer without children in their household; (2) $3,995 for a taxpayer with one child; (3) $6,604 for a taxpayer with two children; and (4) $7,430 for a taxpayer with three or more children.

The amount of the Indiana EIC is equal to 10% (9% before 2022) of the federal earned income tax credit that the individual: is eligible to receive in the taxable year; and. claimed for the taxable year; under IRC Sec. 32 in effect on January 1, 2023.

Basic Qualifying Rules To qualify for the EITC, you must: Have worked and earned income under $63,398. Have investment income below $11,000 in the tax year 2023. Have a valid Social Security number by the due date of your 2023 return (including extensions)

Basic Qualifying Rules To qualify for the EITC, you must: Have worked and earned income under $63,398. Have investment income below $11,000 in the tax year 2023. Have a valid Social Security number by the due date of your 2023 return (including extensions)

Visit your My NerdWallet Settings page to see all the writers you're following. The earned income tax credit is a refundable tax credit for low- to middle-income workers. For 2023 (tax returns filed in 2024), the tax credit ranges from $600 to $7,430, depending on tax-filing status, income and number of children.

The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $47,900. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.

Your federal AGI, earned income for 2021 (do not use prior-year earned income), AND modified AGI each must be less than: $47,900 if you have two or more qualifying children. $42,100 if you have one qualifying child. $15,900 if you do not have a qualifying child.