EITC depends on income, filing status, and number of kids. ℹ️ Earned Income: Wages, tips, and other taxable employee pay, plus net profit after expenses from self-employment.

AGI: Your total income minus certain adjustments, including student loan interest and IRA contributions. This is shown on page 1 of your 1040. AGI can be higher than your earned income when you have investment income, rental profits or other income apart from wages.

A large amount of investment income will eliminate your EITC eligibility. Other less common, more complex situations can also eliminate your credit.