Poverty Level 2024 Family Of 5. (the amounts are higher in alaska and hawaii, since they have higher federal poverty levels). Our discretionary income calculator below (fully updated with the latest poverty line numbers) will show you the brand new definition of discretionary income for 2024.
The federal poverty level is $13,590 for an individual ($27,750 for a family of 4) for 2023 coverage. For 2023, more than 215,000 minnesota tax returns claimed the credit for over 437,000 eligible children with a total average tax break of $1,244 per child, walz.
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