The Earned Income Credit amounts have increased slightly for the 2015 tax year. The American Recovery and Reinvestment Act (ARRA) provides a temporary increase in EITC and expands the credit for workers with three or more qualifying children.

The maximum amount of earned income and adjusted gross income (AGI) must be less than:
  • $47,747 ($53,267 if married filing jointly) with three or more qualifying children
  • $44,454 ($49,974 if married filing jointly) with two qualifying children
  • $39,131 ($44,651 if married filing jointly) with one qualifying child
  • $14,820 ($20,330 if married filing jointly) with no qualifying children
The maximum EIC amount for 2015:
  • $6,242 with three or more qualifying children
  • $5,548 with two qualifying children
  • $3,359 with one qualifying child
  • $503 with no qualifying children

Additional Information:
  • The maximum amount of investment income you can have and still get the credit has increased to $3,400 for 2015.
  • You can elect to have your nontaxable combat pay included in earned income for the earned income credit. The amount of your nontaxable combat pay should be shown on your Form W-2, Box 12, Code Q.

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