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increase provided in § 32(b)(2)(B), as adjusted for inflation for taxable years beginning in 2023. The threshold phaseout amounts and the completed phaseout amounts shown in the table below for single, surviving spouse, or head of household taxpayers also apply to married taxpayers who are not filing a joint return and satisfy the special rules for separated spouses in § 32(d).

Number of Qualifying Children Item One Two Three or More None Earned Income Amount $11,750 $16,510 $16,510 $7,840

Maximum Amount of Credit $3,995 $6,604 $7,430 $600 Threshold Phaseout $21,560 $21,560 $21,560 $9,800 Amount (Single, Surviving Spouse, or Head of Household)

Completed Phaseout $46,560 $52,918 $56,838 $17,640 Amount (Single, Surviving Spouse, or Head of Household) Threshold Phaseout $28,120 $28,120 $28,120 $16,370 Amount (Married Filing Jointly)

Completed Phaseout $53,120 $59,478 $63,398 $24,210 Amount (Married Filing Jointly)

The instructions for the Form 1040 series provide tables showing the amount of the earned income credit for each type of taxpayer. (2) Excessive Investment Income. For taxable years beginning in 2023, the earned income tax credit is not allowed under § 32(i) if the aggregate amount of certain investment income exceeds $11,000.

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Official source

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increase provided in § 32(b)(2)(B), as adjusted for inflation for taxable years beginning in 2023. The threshold phaseout amounts and the completed phaseout amounts shown in the table below for single, surviving spouse, or head of household taxpayers also apply to married taxpayers who are not filing a joint return and satisfy the special rules for separated spouses in § 32(d).

Number of Qualifying Children Item One Two Three or More None Earned Income Amount $11,750 $16,510 $16,510 $7,840

Maximum Amount of Credit $3,995 $6,604 $7,430 $600 Threshold Phaseout $21,560 $21,560 $21,560 $9,800 Amount (Single, Surviving Spouse, or Head of Household)

Completed Phaseout $46,560 $52,918 $56,838 $17,640 Amount (Single, Surviving Spouse, or Head of Household) Threshold Phaseout $28,120 $28,120 $28,120 $16,370 Amount (Married Filing Jointly)

Completed Phaseout $53,120 $59,478 $63,398 $24,210 Amount (Married Filing Jointly)

The instructions for the Form 1040 series provide tables showing the amount of the earned income credit for each type of taxpayer. (2) Excessive Investment Income. For taxable years beginning in 2023, the earned income tax credit is not allowed under § 32(i) if the aggregate amount of certain investment income exceeds $11,000.