The Earned Income Tax Credit (EITC or EIC) is a credit for working people who have low-to-moderate income. To be eligible for the tax credit, an individual must meet certain requirements and file a tax return--even if that person does not owe any tax or not required to file.
Threshold for tax year 2020 (will be prepared in 2021)
The low-to-moderate income threshold for tax year 2020 is $57,000. The threshold is based on tax year 2020 EITC adjusted gross income (AGI) limits as shown below:
Earned income and adjusted gross income (AGI) must each be less than:
$50,954 ($56,844 if Married Filing Jointly) with three or more qualifying children.
$47,440 ($53,330 if Married Filing Jointly) with two qualifying children
$41,756 ($47,646 if Married Filing Jointly) with one qualifying child
$15,820 ($21,710) if Married Filing Jointly) with no qualifying child
The maximum EITC credit for 2020 is:
$6,660 with three or more qualifying children
$5,920 with two qualifying children
$3,584 with one qualifying child
$538 with no qualifying child