What Is The Eitc For 2024. Tax year 2023 income limits and range of eitc. Eitc refund amount in 2024.
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. California employers association on thursday, march 28, 2024.
The Federal Income Tax Has Seven Tax Rates In 2024:
If you were eligible, you can still claim the eitc for prior years:.
The Earned Income Tax Credit (Eitc) Is A Valuable Refundable Tax Credit That Can Significantly Reduce Your Tax Liability Or Increase Your Refund If You Qualify.
To qualify for the eitc, you must:
Claiming The Credit Can Reduce The Tax You Owe And May.
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Have Investment Income Below $11,000 In The Tax Year.
The eitc supplements the wages of low to moderate income workers, and especially working mothers, lifting more children out of poverty than any other single federal program.
Have Worked And Earned Income Under $63,398.
For single/head of household or qualifying surviving spouse, or married filing.