What Are Some Sources for the Earned Income Credit Table?


Quick Answer

The most recently published Earned Income Tax Credit table is Publication 596 from the IRS website. The IRS has established 2015 Earned Income Tax Credit income limits and maximum credit amounts on its website, but has not published 2015 tables as of July 2015.

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Full Answer

The Earned Income Tax Credit is a refundable credit for low-income tax filers who have earned income, such as wages from a job, according to USA Today. Credits are refundable when they are paid to filers in excess of income taxes paid to the government. The credit is available to filers without children only if they are between the ages of 25 and 65, live at least half the year in the United States and cannot be claimed as someone else's dependent. These restrictions do not apply to filers with children who claim the Earned Income Tax Credit.

The maximum credit available varies by household size, tax filing status and adjusted gross income, states the IRS. The maximum credit available for tax year 2015 is $6,242 for a family with three children. A single person or married couple with no children could receive a maximum credit of $503. As income rises toward the limit for the credit, the credit begins to gradually phase out until it reaches zero.

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