Earned Income Credit
2008 Earned Income Credit Changes
The following paragraphs explain the changes to the credit for 2008. Amount of credit increased The maximum amount of the credit has increased. The most you can get is: $2,917 if you have one qualifying child, $4,824 if you have more than one qualifying child, or $438 if you do not have a qualifying child.
IRS EITC Awareness
The IRS, the Department of Treasury and other non-government partners are kicking off EITC (Earned Income Credit) Awareness to promote the refundable tax credit for low-wage workers with children. “Believe it or not, there are many taxpayers who are eligible to receive the Earned Income Credit, but fail to claim it simply because they are [...]
Earned Income Credit
The earned income credit (EIC) is a tax credit for certain people who work, have a Qualifying Child and have earned income under $43,279 for the tax year 2009. A tax credit usually means more money in your pocket by reducing the amount of tax you owe. The EIC in most cases gives you a [...]
