Earned Income Tax Credit for 2024. Step-by-Step Guide

The Earned Income Credit (EIC) is a tax credit available to U.S. taxpayers with earned income under certain thresholds. The credit is increased for those who have qualifying children as well.

In this example, we look at a taxpayer with one qualifying child and how he calculates his earned income credit.

For more videos on the EITC:

For videos on how to calculate the child tax credit:

For a full playlist of earned income credit (EIC) videos:

For a larger database of tutorials, please visit our website and search for your question:

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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[alexcolombu]

you are always on point especially with the small details

[Brownmahfun]

Thank You. Can you do this for someone who does not have children?

[madebymonk]

I only earned a couple thousand but for some reason my return doesn't show the maximum EIC. I lived in the US all 12 months, and have no foreigh assets.

[apollomedia]

Is retirement accounts such as IRA and 401k considered investment income for the purposes of EIC eligibility criteria?

[melhoresprodutos]

Hi Good Video, Do you have any Video About create LAND TRUST? or can make the Video how Create LAND TRUST in Florida because there have a Specific law about this type the TRUST. Thanks for all and have a great 2024.