Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TABLE 9-3 Earned Income Credit Tax Year 2021 Number of Eligible Children EIC percentage For earned income up to Maximum EIC Phaseout percentage None
TABLE 9-3 Earned Income Credit Tax Year 2021 Number of Eligible Children EIC percentage For earned income up to Maximum EIC Phaseout percentage None 15.30% One 34.0% Two 40.0% Three or More $9,820 $ 10,640 $ 14.950 45.0% $14,950 $1,502 $ 3,618 $ 5,980 15.30% 15.98% 21.06% $6,728 21.06% For joint filers: Phaseout starts at earned income of $ 17,560 $ 25,470 $25,470 $ 25,470 Phaseout ends at earned income of For all other filers: Phaseout starts at earned income of Phaseout ends at earned income of *The dollar amounts in the table are subject to annual adjustments for inflation. $27,380 $ 48,108 $ 53,865 $ 57,414 $ 11,610 $19,520 $19,520 $ 19,520 $ 21,430 $ 42,158 $47,915 $51,464
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started