What is a common eligibility requirement for the Earned Income Tax Credit?

A common eligibility requirement for the Earned Income Tax Credit (EITC) is that individuals must have qualifying earned income. This means that the income must come from employment or self-employment, rather than from other sources such as investments or passive income. The EITC is designed to benefit low to moderate-income working individuals and families, so having earned income is essential to qualify for the credit.

The EITC also considers factors such as the taxpayer's filing status and the number of qualifying children they have, which can affect the amount of the credit. However, the lack of earned income disqualifies individuals from receiving the benefit, as the EITC is specifically aimed at encouraging and rewarding work.

In contrast, adjusted gross income limits, age restrictions, and having or not having children are relevant factors but do not encompass the core eligibility requirement of having qualifying earned income. Thus, qualifying earned income is fundamental to the EITC's purpose and reflects its intent to support those engaged in the workforce.