Question:

How much do I have to earn this year in order to qualify for the earned income tax credit for my 3 children?

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I just had a son the end of may so he is three months old. I Worked almost up until having him. I just want to make sure I plan to go back in time to make enough money because it's been really nice having a savings and taking the family on a vacation this year.

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2 ANSWERS


  1. it's not a flat amount you get - the more you make, the more credit you get up to a certain point and then the credit goes back down to zero as you make more above that midpoint - I think around $10000 is near the midpoint


  2. If you earn at least $1 and are otherwise qualified for EIC, then you'd get it - the amount you'd get depends on what you earn for the year, though.  On $1-50 income your EIC payment would be $10.

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