2016 vs 2015 Earned Income Tax Credit (EIC) Qualification Limits

2016 Earned Income Tax Credit

Income Qualification Item No Children With 1 Child With 2 Children With 3+ Children
1. Maximum 2015 Earned Income Tax Credit Amount $506 $3,373 $5,572 $6,269
2. Earned Income (lower limit) required to get maximum credit $6,610 $9,920 $13,930 $13,930
3. Phaseout Threshold Amount Begins
(for Single, SS, or Head of Household)
$8,270 $18,190 $18,190 $18,190
4. Phaseout Amount When Credit Ends
(for Single, SS, or Head of Household)
$14,880 $39,296 $44,648 $47,955
5. Threshold Phaseout Amount Begins
(for Married Filing Jointly)
$13,820 $23,740 $23,740 $23,740
6. Phaseout Amount When Credit Ends
(for Married Filing Jointly)
$20,430 $44,846 $50,198 $53,505


Final figures are now out for the 2015 Earned Income Tax credit (EITC) as shown in the table below. There have been some minor increases over the 2014 EITC amounts and qualifying limits as a result of mandated inflation adjustments. This is in line with other 2015 tax changes.

2015 Earned Income Tax Credit

Income Qualification Item No Children With 1 Child With 2 Children With 3+ Children
1. Maximum 2015 Earned Income Tax Credit Amount $503 $3,359 $5,548 $6,242
2. Earned Income (lower limit) required to get maximum credit $6,580 $9,880 $13,870 $13,870
3. Phaseout Threshold Amount Begins
(for Single, SS, or Head of Household)
$8,240 $18,110 $18,110 $18,110
4. Phaseout Amount When Credit Ends
(for Single, SS, or Head of Household)
$14,820 $39,131 $44,454 $47,747
5. Threshold Phaseout Amount Begins
(for Married Filing Jointly)
$13,760 $23,630 $23,630 $23,630
6. Phaseout Amount When Credit Ends
(for Married Filing Jointly)

How to read the tables above.  The maximum amount of the earned income credit allowed for 2015 is shown in line 1. To claim this credit you must have at least $1 of earned income, with line 2 showing the amount of earned income required to get maximum credit. The “Phaseout Threshold Amount Begins“ (lines 3 and 5 depending on filing status) and “Phaseout Amount When Credit Ends” (lines 4 and 6 depending on filing status) are the adjusted gross income (AGI) ranges from where the EITC begins to phase out to where it reaches $0, or the income at or above which no credit is allowed. These income ranges change depending on the filing status and number of children.

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