What is the maximum adjusted gross income limit for qualifying for the Earned Income Credit for taxpayers with three qualifying children?

The maximum adjusted gross income (AGI) limit for qualifying for the Earned Income Credit (EIC) can vary depending on the number of qualifying children a taxpayer has. For taxpayers with three qualifying children, the AGI limit is set at a specific threshold defined by the IRS. As of the tax year in question, the correct limit for those with three qualifying children is indeed $47,000.

This amount represents the maximum income a taxpayer can earn to still be eligible for the EIC, which is designed to assist low to moderate-income working individuals and families, especially those with children. If a taxpayer's adjusted gross income exceeds this limit, they will not qualify for the credit, which emphasizes the importance of knowing these thresholds for tax planning purposes.

Other options presented reflect higher income limits that do not apply to three qualifying children, demonstrating the structured qualifications set forth by the IRS to target the credit effectively toward those most in need.