Get IRS Publication 596 2022-2024

You must have some form of earned income to qualify for an EITC. Social Security benefits do not count as earned income under the program.

Types of income that do not apply include child support, retirement income, alimony, unemployment benefits and social security benefits. The earning from working in prison does not apply either.

The most common reasons people don't qualify for the Earned Income Tax Credit, or EIC, are as follows: Their AGI, earned income, and/or investment income is too high. They have no earned income. They're using Married Filing Separately.

Types of income that do not apply include child support, retirement income, alimony, unemployment benefits and social security benefits. The earning from working in prison does not apply either.

Taxes aren't determined by age, so you will never age out of paying taxes. Basically, if you're 65 or older, you have to file a return for tax year 2023 (which is due in 2024) if your gross income is $15,700 or higher.

The earned income credit (EIC) is a tax credit for certain people who work and have earned income.

There is no upper age limit for claiming the credit if taxpayers have earned income. The EITC is generally available to workers without qualifying children who are at least 19 years old with earned income below $21,430 for those filing single and $27,380 for spouses filing a joint return.

Basic Qualifying Rules To qualify for the EITC, you must: Have worked and earned income under $63,398. Have investment income below $11,000 in the tax year 2023. Have a valid Social Security number by the due date of your 2023 return (including extensions)