Question

In 2018 Zach is single with no dependents. He is not claimed as a dependent on another's return. All of his income is for salary and he does not have any FOR AGI deductions. What is his earned income credit zach is 29 years old and his AGI is $4000

Answer 1

The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children.

The amount of EITC benefit depends on a recipient's income and number of children.

Childless workers that have incomes below about $14,340 ($19,680 for a married couple) can receive a very small EITC benefit. U.S. tax forms 1040EZ, 1040A, or 1040 can be used to claim EITC without qualifying children.

For tax year 2018, the maximum EITC benefit for a single person or couple filing without qualifying children is $519.

For Zach being single with no dependants and AGI < $14,340 (i.e., $ 4000) he is eligible to claim earned income tax credit.

Zach's earned income credit for 2018 is $519