What are some eligibility criteria to claim the EITC?

The eligibility criteria to claim the Earned Income Tax Credit (EITC) indeed include meeting specific income limits and having at least one qualifying child. The EITC is designed to provide financial assistance to low- to moderate-income working individuals and families, particularly those with children. By requiring at least one qualifying child, the EITC aims to support families raising children, as it is structured to increase as the number of qualifying children increases.

Additionally, there are strict income limits set to qualify for the credit, which varies based on filing status and the number of qualifying children. This ensures that the tax benefit is directed toward those who truly need financial help.

The other options do not accurately reflect the requirements for EITC eligibility. For instance, the EITC is not exclusively available to jointly filing taxpayers, nor does it have no income limits; and it is not contingent solely on business income. Therefore, meeting the specified income criteria and having qualifying children is essential to successfully claiming the EITC.