The Earned Income Tax Credit (EITC) is a cash-back tax credit that puts money back into the pockets of working families and individuals, including the self-employed, who earn low to moderate income. The 2022 EITC income limits and maximum credit amounts are listed below and are available on the NJ Division of Taxation NJEITC website.
If you worked full- or part-time or you were self-employed in 2018, you may qualify.
2022 Earned Income and Adjusted Gross Income (AGI) must each be less than:
$53,057 ($59,187 married filing jointly) with three or more qualifying children
$49,399 ($55,529 married filing jointly) with two qualifying children
$43,492 ($49,622 married filing jointly) with one qualifying child
$16,480 ($22,610 married filing jointly) with no qualifying children
For the 2022 Tax year, you could receive a maximum federal credit of:
$6,935 with three or more qualifying children
$6,164 with two qualifying children
$3,733 with one qualifying child
$560 with no qualifying children
And a maximum NJ state credit of:
$2,774 with three or more qualifying children
$2,466 with two qualifying children
$1,493 with one qualifying child
$224 with no qualifying children
Investment income must be $10,300 or less for the year.
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