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Page 1 of 26 11:14 - 16-Dec-2021 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. Dec 16, 2021 Cat. No. 24327A TAX AND EARNED INCOME CREDIT TABLES This booklet only contains Tax and Earned Income Credit Tables from the Instructions for Form 1040 (and 1040-SR).
What Is the EIC? The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $57,414. 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. Can I Claim the EIC? To claim the EIC, you must meet certain rules. These
To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Use the EITC tables to look up maximum credit amounts by tax year.
2021 Earned Income Credit (EIC) Table Caution. This is not a tax table. If the amount you are looking up from the worksheet is— And your filing status is— Single, head of household, or. qualifying widow(er) and the number of children you have is— 1. To find your credit, read down 2.
Search IRS and State Income Tax Forms to eFile or Complete, Download Online and Back Taxes. Search by Form Number, Name or Organization.
The Earned Income Credit. DO I QUALIFY? YOU MUST HAVE EARNED INCOME. Qualifying Income Sources. • Wages, salaries, tips, and other taxable employee wages. • Long-term disability payments received before the minimum retirement age. • Net earnings for self-employed, statutory employee, farmers, ministers, and religious order members.
Taxpayers may be able to elect to use their 2019 earned income to figure their earned income credit (EIC) and additional child tax credit (ACTC) if their 2019 earned income is more than their 2020 earned income. This election is made on the Basic Information>Personal Information page.
The earned income credit (EIC) is a refundable tax credit for most people who work but do not earn high incomes. The purpose of the EIC is to reduce the tax burden and to supplement the wages of working families whose earnings are less than the maximums for their filing status.
Tax Tables 2021 Edition . 2021 Tax Rate Schedule. Standard Deductions & Personal Exemption. HEAD OF HOUSEHOLD. *For taxable years beginning in 2021, the standard deduction amount under § 63(c)(5) for an individual. Kiddie Tax:
What is the EIC? The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $56,844. 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. Can I Claim the EIC? To claim the EIC, you must meet certain rules. These