Tax Accounting: Diane is a single taxpayer who qualifies for the earned income credit. Diane has

Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During 2023, Diane's wages are $21,000 and she receives dividend income of $1,200.

Earned Income Credit Phase-Out Ranges
Other Than Joint Filers Joint Filers
Qualifying
Children Phase-out
Begins Phase-out
Ends Phase-out
Begins Phase-out
Ends
None $9,800 $17,640 $16,370 $24,210
1 21,560 46,560 28,120 53,120
2 21,560 52,918 28,120 59,478
3 or more 21,560 56,838 28,120 63,398
Calculate Diane's earned income credit using the EIC table in Appendix B.

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