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Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During
Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During 2017, Diane's wages are $17,700 and she receives dividend income of $700.
Earned Income Credit Phase-Out Ranges | ||||||||
Number of Qualifying Children | Other than joint filers | Joint filers | ||||||
Phaseout Begins | Phaseout Ends | Phaseout Begins | Phaseout Ends | |||||
None | $8,340 | $15,010 | $13,930 | $20,600 | ||||
1 | $18,340 | $39,617 | $23,930 | $45,207 | ||||
2 | $18,340 | $45,007 | $23,930 | $50,597 | ||||
3 or more | $18,340 | $48,340 | $23,930 | $53,930 |
Calculate Diane's earned income credit using the EIC table in Appendix B. $
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