The IRS usually changes credit amounts once a year. This is also true for the Earned Income Tax Credit. So, if you have three or more children who qualify, the most you can get from the EITC in 2024 is $7,830. With the cost of living change, it will now be $8,046 if you have three or more qualifying children in the tax year 2025.
Since 2020, the IRS has raised the EITC amounts by a lot. For people with three or more qualifying children, the most they could get from the EITC in 2020 was only $6,660.
New IRS maximum amounts for EITC – Tax Year 2025
The most you can get in Earned Income Tax Credits for the 2025 tax year is:
You may be able to get the least amount of the EITC in the 2025 tax year if you don’t have any qualifying children. It will only be $649, up from $632 in the 2024 Tax Year.
Some taxpayers may be able to get the EITC even though they only have one child. The amount of the Earned Income Tax Credit you can get for one qualifying child has gone up from $4,213 to $4,328.
For people without children, the price has gone up by only $17. For those with one child, the price has gone up by $115.
IRS and the new EITC amounts for 2025 with more than 1 child
In this case, having children who qualify for the credit makes it a much bigger tax credit. For the 2025 tax year, the IRS has set the maximum amount of the EITC that a taxpayer with two children can get. This amount is $7,152.
For the 2024 tax year, the EITC amount for people with two qualifying children is $6,960. That’s why the boost is worth $192. A huge increase if you are eligible for it.
People who have three or more qualifying children will get the most from the EITC. For the 2025 tax year, they will get up to $8,046 instead of $7,830.
All you have to do to see if you can get the Earned Income Tax Credit is use the online EITC Assistant from the IRS.
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