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Form 1040 (Schedule Eic) Bridgeport Connecticut: What You Should Know

The maximum credit allowed for any given tax filing year is 3,000 (6,000 if filing jointly). You can claim this credit on your tax return or on your state tax return. The credit amount must be claimed in the year the earned income is earned or the year your child turns 21. You cannot claim this credit if you did not earn income or do not have a child who is 21 or older. 21. .00. 21a. Connecticut earned income tax credit: From Schedules CT‑EITC,  For each amount of earned income, you can claim one of the following two amounts of credit: a. The amount of credit allowed for the taxable year under the following table. This includes child and dependent care expenses that you paid for the child. b. To the extent that you qualify for the additional child credit described above, your earned income could be counted as nonresident dependent income, and you may want to take additional deductions when figuring your tax for the year. The amounts of credit allowed may appear to be greater than the maximum amounts provided, but because each amount of tax credit is limited by the amount of taxable income that it can reduce or offset, the tax that you actually pay may be less than the maximum amount given for that tax year. 22. .00. 22a. Connecticut earned income tax credit: From Schedule CT‑EITC,  The credit is not allowed for the taxable year. 23. .00. 23a. Connecticut earned income tax credit: From Schedules CT‑EITC,  If you did not qualify for the ETC for any taxable year, claim no credit, or your earned income was more than the allowable credit for the year, no credit is allowed. 24. .00. 24a. Connecticut earned income tax credit: From Schedule CT‑EITC, The credit is allowed only if your earned income for the taxable year is equal to or greater than 1 1/2 times the maximum credit (3,000) or 6,000 (10% for joint filers) and is less than 5,000 (10,000 if filing jointly). Any of your earned income that is more than 5,000, but less than 17,050, is treated as qualifying earned income and eligible to be used for the ETC (Schedule EIC) under section 36B. The maximum income for this section is 19,050 for 2018.

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