Preview of 2014 EITC Income Limits, Maximum Credit Amounts and Tax Law Updates
Here is the 2014 tax year income limits, maximum EITC amount and the EITC-related tax law changes. You can also access this information for:
2014 Tax Year
Earned Income and adjusted gross income (AGI) must each be less than:
Tax Year 2014 maximum credit:
Investment income must be $3,350 or less for the year.
For more information on whether a child qualifies you for EITC, see Qualifying Child Rules or Publication 596, Rules If You Have a Qualifying Child.
The American Tax Relief Act of 2012
The American Tax Relief act extended the relief for married taxpayers, the expanded credit for taxpayers with three or more qualifying children and other provisions to December 31, 2017.
Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes
The U.S. Department of the Treasury and the Internal Revenue Service recently ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. Under the ruling, same-sex couples will be treated as married for all federal tax purposes where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit.
Page Last Reviewed or Updated: 30-Dec-2013
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