2024 Tax Married Jointly. For 2024, the maximum earned income tax credit (eitc) amount available is $7,830 for married taxpayers filing jointly who have three or more qualifying children—it was $7,430 in 2023. Although you have $150,000 in net investment income, you will pay 3.8% in niit only on $10,000 because your magi exceeds the $250,000 threshold by only $10,000.
Income tax tables and other tax information is sourced from the california franchise tax board. The calculator automatically determines whether the standard or itemized deduction (based on inputs) will result in the largest tax savings and uses the larger of the two values in the estimated.