Bobbie Paloma

Income Tax Brackets 2024-25. Your bracket depends on your taxable income and filing status. The tax year 2024 maximum earned income tax credit amount is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase of from $7,430 for tax year 2023.

The tax year 2024 maximum earned income tax credit amount is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase of from $7,430 for tax year 2023. The basic rate (20%), the higher rate (40%), and the additional rate (45%).