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2. Earned income tax credit: What kind of income counts, who is ...

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   In Michigan, 664,000 households received the federal earned income credit as of December 2023. Michigan residents received an average of $2,587. The total amount was $1.7 billion in Michigan.

3. Earned Income Tax Credit: Find Out if You Qualify - AOL

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   In addition to these income limits, you cannot have earned more than $11,600 in investment income in 2024 to qualify for the EITC. The EITC works on a sliding scale, with taxpayers that have less ...

4. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330.

5. Many don't know they can claim valuable tax credit worth up ...

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   Nationwide, the average amount of federal earned income tax credit received was $2,743 for the 2023 tax year. Some larger families with lower incomes can receive much more than the average figures.

6. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

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   Your AGI determines whether you qualify for tax credits such as the Earned Income Tax Credit. For example, for the 2023 tax year, if you’re married filing jointly and have two qualifying ...

7. Earned Income Tax Credit: Everything You Need To Know ... - AOL

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   The Earned Income Tax Credit (EITC) is one of the largest refundable tax credits offered by the federal government. Its recent expansion makes it even more valuable to low- and moderate-income...

8. Earned income tax credit: A break families should not ... - AOL

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   To qualify for EITC, you must be between 25 and 64 years old and have earned income within certain limits. The amount of your credit also depends on the number of kids you have and your filing status.

9. Some might see a bigger 2024 tax refund after inflation ...

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   For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.