The Earned Income Tax Credit, or EITC, a tax refund for low- to medium-income workers and their families, got a slight bump from 2015. For example, the biggest credit these taxpayers can get is $6,269 for people filing jointly and with three or more children. This is up $27 (from a $6,242 credit) from last year, according to the IRS. The income that qualifies taxpayers for an EITC refund this year also has risen; it now ranges from $14,880 to $53,505. For context, $53,267 was the top of the income range last year. Also, EITC-qualified workers without kids this year can get a $506 credit, which is up from $406 last year.
To see a table of all EITC credit amounts, go here.
