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Question
20000 Married failing jointly what EITC?
AI accountant’s answer:
If you're married filing jointly and your adjusted gross income (AGI) is $20,000 for the tax year 2022, your potential Earned Income Tax Credit (EITC) amount depends on the number of qualifying children you have. Here are the maximum EITC amounts for the 2022 tax year: - No qualifying children: $543 - 1 qualifying child: $3,617 - 2 qualifying children: $5,980 - 3 or more qualifying children: $6,728 Please note that these are the maximum credit amounts, and the actual credit you may receive could be lower, depending on your specific situation. The EITC is a refundable tax credit and can result in a refund if the credit is greater than the tax liability.
Comment from reviewer
Ieva Ivanauskas, EA

The credit amounts for 2022 are different: $560, $3,733, $6,164, and $6,935.

Not Correct.
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