EIC on tax return?

Question

We just had a child in August will we get EIC on our tax return if our income for the year qualifies? Do we get any extra credtis for having a child other than the child tax credit. How much could our EIC potentially be?

Answer 1

It's possible. You must have earned income and your AGI must be less than:
$36,348 ($38,348 married filing jointly) with two or more qualifying children;
$32,001 ($34,001 married filing jointly) with one qualifying child; $12,120 ($14,120 married filing jointly) with no qualifying children.

The maximum EIC credit is:

$4,536 with two or more qualifying children;
$2,747 with one qualifying child;
$412 with no qualifying children.

The EIC is based on your earned income. Since you didn't disclose that information, you'll need to refer to the IRS website or your 1040 tax booklet.

You might also be eligible for the Additional Child Tax Credit.

Answer 2

while you're married submitting separately and function little ones interior the enjoyed ones, you at the instant are not allowed the EIC, it is the way the regulation is written the EIC credit is largely for low income families with little ones to extra or much less provide them some alleviation from the intense SS tax fee that is not something withheld out of your modern paychecks