EIC table
EIC Changes For 2009
New for tax year 2009, is the additional EITC and income thresholds for a Third Qualifying Child and Changes to the Uniform Definition of a Child. The change in the Uniform Definition of a Child adds two new rules to the definition of a “qualifying child.” The child must:
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.
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 [...]
