Get IRS 1040 - Schedule EIC 2010

It appears on line 37 of Form 1040, on line 21 if you file Form 1040A, and on line 4 of Form 1040EZ. In 2018, your earned income and AGI must have been less than: $49,194 (or $54,884 if you're married and filing jointly) if you have three or more qualifying children.

The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. ... EITC reduces the amount of tax you owe and may give you a refund.

To qualify, you must meet three more conditions: You must have resided in the United States for more than half the year. No one can claim you as a dependent or qualifying child on his or her tax return. You must be at least 25 but under 65 at the end of the year.

For those with three or more children, the maximum earned income tax credit for 2018 is $6,431. Families with two qualifying children have a $5,716 maximum credit amount, while those with one qualifying child face a limit of $3,461.

The maximum amount of credit for Tax Year 2019 is: $6,557 with three or more qualifying children. $5,828 with two qualifying children. $3,526 with one qualifying child.

The earned income tax credit (EITC) provides substantial support to low- and moderate-income working parents, but very little support to workers without qualifying children (often called childless workers). Workers receive a credit equal to a percentage of their earnings up to a maximum credit.

And families with children often qualify for the largest credits. The Earned Income Tax Credit (EIC or EITC) is a tax credit for low- and moderate-income wage earners. For the 2019 tax year, the earned income credit ranges from $529 to $6,557 depending on your filing status and how many children you have.

Kids and the Earned Income Tax Credit The child must be under 19 at the end of the year and younger than you or your spouse if you're filing jointly, OR the child must be under 24 if he or she was a full-time student. There's no age limit for kids who are permanently and totally disabled.

The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return.

Have earned income; and. Have been a U.S. citizen or resident alien for the entire tax year; and. Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and any qualifying children on your return; and.

To qualify for and claim the Earned Income Credit you must: Have earned income; and. Have been a U.S. citizen or resident alien for the entire tax year; and. Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and any qualifying children on your return; and.

For 2010, the standard deduction amounts are as follows (2011 Standard Deduction amounts, 2012 Standard Deduction amounts); Single- $5,700. Married Filing Jointly- $11,400. Head of Household- $8,400.

If you're the head of your household, it's $18,000. Individuals who are at least partially blind or at least 65 years old get a larger standard deduction. If you're single, you're married and filing separately or you're the head of household, it's $1,600.

The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

Dependents - If you can be claimed as a dependent by another taxpayer, your standard deduction for 2018 is limited to the greater of: (1) $1,050, or (2) your earned income plus $350 (but the total can't be more than the basic standard deduction for your filing status).