How much are the EITC and CTC worth in 2020?

If you worked at any time during 2019, these are the income guidelines and credit amounts to claim the Earned Income Tax Credit and Child Tax Credit when you file your taxes in 2020.  

 

The Earned Income Tax Credit (EITC) in Tax Year 2019 

Number of children:  Single workers with income less than:  Married workers with income less than:  EITC up to: 
3 or more  $50,162  $55,952  $6,557 
  $46,703  $52,493  $5,828 
  $41,094  $46,884  $3,526 
0  $15,570  $21,370  $529 

EITC Investment Income Limit = $3,600 

 

The Child Tax Credit (CTC

The Child Tax Credit is worth a maximum of $2,000 per qualifying child. Up to $1,400 is refundable.  

To get a CTC refund, you must earn more than $2,500.   


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