What is the maximum EITC for 2024?

Maximum credits: $632 (no children), $4,213 (1 child), $6,960 (2 children), $7,830 (3+ children). MFJ filers have higher phase-out thresholds.

Does self-employment income qualify for EITC?

Yes. Net self-employment income counts as earned income for EITC. However, SE tax reduces net earnings, which may reduce the EITC credit amount.

What is the investment income limit for EITC?

Investment income must not exceed $11,600 in 2024. Exceeding this limit disqualifies you from EITC entirely, regardless of earned income level.

How does EITC phase out?

EITC increases with earned income until the maximum, then remains flat across a plateau, then phases out as income increases above the threshold. Both earned income and AGI must be below phase-out limits.

Yes. EITC is fully refundable, meaning you receive the credit even if it exceeds your tax liability, making it one of the most valuable credits for working low-to-moderate income households.

US Earned Income Tax Credit (EITC) Phase-Out Calculator 2024

Calculate EITC for 2024. Max credit: $7,830 (3+ children). Phase-out begins at $23,511 (single, no children) to $57,310 (MFJ, 3+ children). Investment income limit: $11,600.

Use the full interactive calculator below, or

Related Calculators

Schedule C Profit/Loss

Finance & Accounting

SE Tax FICA Calculator

Finance & Accounting

Child Tax Credit 2024

Finance & Accounting

US Earned Income Tax Credit (EITC) Phase-Out Calculator 2024

Related Calculators

Frequently Asked Questions

What is the maximum EITC for 2024?

Does self-employment income qualify for EITC?

What is the investment income limit for EITC?

How does EITC phase out?

Is EITC refundable?