What Is The Eic For 2024 For Seniors. In 2024, the eic for senior citizens has been increased, which is great news for those who are eligible. To give you an idea of how much, the max earned income credit amounts are worth up to $7,430 (for 2023) and $7,830 (for 2024), depending on your filing status, amount of adjusted gross income (agi), type (s) of income, and number of qualifying children.
The earned income credit (eic) is a refundable tax credit available to working individuals with low to moderate incomes. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
What Is The Eic For 2024 For Seniors Images References :