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The Earned Income Tax Credit was ... which is part of why he helped push the tax bureau to launch Direct File options for the 2023 tax season. This free service guides taxpayers through the filing ...
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.
The earned income credit 2024 income limits are as follows: 0 children: Income must be less than $18,591. 1 child: Income must be less than $49,084.
Earned income tax credit logo. The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children.
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.
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.
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