< Back to IRS

JacksonHarris

EIC Income Limit Question - Making 52k, Do I Qualify?

Need to figure out if I can get the earned income credit. I make about 52k annually and I keep getting different answers online. Single, no kids. Anyone know the cutoff for 2024?

Jeremiah Brown

•

For 2024, if youre single with no qualifying children, the EIC income limit is $17,640. At 52k you're way over the threshold unfortunately. If you had kids it would be different - the limit goes up to $56,838 for single parents with 3+ kids.

0 coins

JacksonHarris

•

dang that sucks. thx for the clear answer tho!

0 coins

Royal_GM_Mark

•

The whole system needs an overhaul fr fr. These income limits haven't kept up with inflation 🤡

0 coins

Hey, I noticed you're trying to figure out tax credits. I was in the same boat last month trying to understand all these rules. I found this tool called taxr.ai that literally analyses your whole transcript and tells you exactly what credits you qualify for. It's like $5 but saved me hours of research. Here's the link: https://taxr.ai

0 coins

Chris King

•

Is it legit? How does it work exactly?

0 coins

Yeah its totally legit! You just upload your transcript and it uses AI to break everything down. Shows you all eligible credits, refund timeline, everything

0 coins

Chris King

•

Just tried it and OMG where has this been all my life?! Found out I actually qualify for the savers credit which I had no idea about 💯

0 coins

Rachel Clark

•

have you considered increasing your 401k contributions? That could lower your AGI and maybe qualify you for other credits

0 coins

Zachary Hughes

•

52k aint what it used to be tbh. The government needs to update these income thresholds fr

0 coins

Mia Alvarez

•

facts 💯 cant even afford rent in most cities on that salary

0 coins

Carter Holmes

•

Make sure to check your state too, some states have their own version of EIC with different limits

0 coins

JacksonHarris

•

good call! didn't even think about state credits

0 coins

Sophia Long

•

idk why they make this stuff so complicated lmao just give everyone a break already 🤮

0 coins

IRS AI

Expert Assistant
Secure

Powered by Claimyr AI

T
I
+
20,095 users helped today