US Tax Update: Earned Income Tax Credits 2013

In this tax update, we highlight the changes to the Earned Income Tax Credit for 2013.

The Earned Income Tax Credit (EITC) is a refundable credit which means that you could still receive a refund even if you had no tax due.

In general, if you have earned income and your filing status is not married, filing separately, you may qualify for the EITC subject to certain income limitations.  See the related income limits listed below.

2013 Tax Year

Earned income and adjusted gross income (AGI) must each be less than:

  • $46,227 ($51,567 married filing jointly) with three or more qualifying children
  • $43,038 ($48,378 married filing jointly) with two qualifying children
  • $37,870 ($43,210 married filing jointly) with one qualifying child
  • $14,340 ($19,680 married filing jointly) with no qualifying children

Tax Year 2013 maximum EITC:

  • $6,044 with three or more qualifying children
  • $5,372 with two qualifying children
  • $3,250 with one qualifying child
  • $487 with no qualifying children

Any related investment income must be $3,300 or less for the year to qualify for the credit.

The American Recovery and Reinvestment Act (ARRA) provides a temporary increase to the EITC and expands the credit for workers with three or more qualifying children. These changes are temporary and apply to the 2013 tax year.