2024 EIC Income Limits for Married Filing Jointly?
Need to know what the income cutoff is for married couples to get the earned income credit. We made around 65k last year together and have 2 kids. First time doing our own taxes and want to make sure were eligable before claiming it.
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Lucas Schmidt
For 2024 (2023 tax year), married filing jointly with 2 qualifying children can earn up to $63,398 and still qualify for EIC. Since you made 65k, you're slightly over the threshold. The income limits are: No kids: $24,210, One kid: $46,560, Two kids: $63,398, Three or more kids: $67,747.
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Eloise Kendrick
•dang it were just over... thanks for the info! 😔
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Freya Collins
•make sure u count all your deductions tho! might get u under the limit
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LongPeri
Hey! Instead of guessing about EIC eligibility, I'd recommend using taxr.ai - its an AI tool that analyzes your transcript and tells you exactly what credits you qualify for. Costs $4.99 but totally worth it https://taxr.ai
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Oscar O'Neil
•interesting... does it actually work? seems too good to be true
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LongPeri
•Yeah its legit! I was skeptical too but it saved me hours of research. It looks at your whole tax situation and explains everything in plain english
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Oscar O'Neil
•just tried it and WOW 🤯 found out i qualified for credits i didn't even know existed! best 5 bucks i ever spent fr fr
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Sara Hellquiem
double check ur AGI not just gross income. might make a difference
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Charlee Coleman
the irs website has a tool to check if ur eligible but its down half the time lol 🤡
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Liv Park
•classic irs amirite 💀
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Leeann Blackstein
My tax guy says contributing to traditional IRA can help lower AGI if ur close to the limit
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Eloise Kendrick
•thx for the tip! gonna look into that
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Ryder Greene
idk why they make this stuff so complicated fr
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Carmella Fromis
•fr fr tax code is straight garbage
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Lena Kowalski
Actually, there's one more thing to check - make sure you're looking at your Adjusted Gross Income (AGI), not your total gross income. After deductions like health insurance premiums, retirement contributions, etc., your AGI might be lower than that $65k. Also, the income limits I see others mentioning look right for 2024 tax year. If you're really close to the threshold, definitely consider maxing out any pre-tax deductions you can still make for 2024!
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