How much are the EITC and CTC worth in 2017?

THESE FIGURES ARE FOR THE PAST TAX SEASON. FOR THE 2017 TAX YEAR (TAXES FILED IN 2018), PLEASE SEE THE UPDATED FIGURES.

eitc-worth-2018-16

 

When it’s time to file taxes in 2017, how much will the Earned Income Tax Credit and Child Tax Credit be worth? See the guidelines below for work conducted in 2016.

The Earned Income Tax Credit in Tax Year 2016 (OUTDATED FIGURES)

Number of children: Single workers with income less than: Married workers with income less than: EITC up to:
3 or more children $47,955 $53,505 $6,269
2 children $44,648 $50,198 $5,572
1 child $39,296 $44,846 $3,373
No children $14,880 $20,430 $506
  • EITC Investment Income Limit = $3,400
  • Income limits for married workers are $5,550 higher than for single workers
  • The Child Tax Credit is worth up to $1,000 per qualifying child
  • The Additional Child Tax Credit Earnings Threshold is $3,000

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