Tax Year 2008
Earned income and adjusted gross income (AGI) must each be less than:
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$38,646 ($41,646 married filing jointly) with two or more qualifying children
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$33,995 ($36,995 married filing jointly) with one qualifying child
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$12,880 ($15,880 married filing jointly) with no qualifying children
Tax Year 2008 maximum credit:
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$4,824 with two or more qualifying children
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$2,917 with one qualifying child
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$438 with no qualifying children
Investment income must be $2,950 or less for the year.
The maximum Advance Earned Income Tax Credit (Advance EITC) for 2008 an employer is allowed to provide to employee's pay is $1,750.
Nontaxable Combat Pay. The provision to include nontaxable combat pay in your income to claim the EITC was made permanent by Congress. See Nontaxable combat pay election in Pub. 3 for more information).
Tax Relief for Midwest Disaster Areas
Special tax relief related to severe storms, tornadoes or flooding, occurring after May 19, 2008, and before August 1, 2008, is available to individuals in portions of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska and Wisconsin that were affected by these disasters. Tax benefits include the option to use 2007 earned income to figure a 2008 earned income tax credit (EITC) and additional child tax credit. Details on these and other relief provisions are in Publication 4492-B.
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Tax Year 2007
Earned income and adjusted gross income (AGI) must each be less than:
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$37,783 ($39,783 married filing jointly) with two or more qualifying children
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$33,241 ($35,241 married filing jointly) with one qualifying child
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$12,590 ($14,590 married filing jointly) with no qualifying children
Tax Year 2007 maximum credit:
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$4,716 with two or more qualifying children
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$2,853 with one qualifying child
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$428 with no qualifying children
Investment income must be $2,900 or less for the year.
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Tax Year 2006
Earned income and adjusted gross income (AGI) must each be less than:
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$36, 348 ($38,348 married filing jointly) with two or more qualifying children
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$32,001 ($34,001 married filing jointly) with one qualifying child
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$12,120 ($14,120 married filing jointly) with no qualifying children
Tax Year 2006 maximum credit:
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$4,536 with two or more qualifying children
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$2,747 with one qualifying child
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$412 with no qualifying children
Investment income must be $2,800 or less for the year.
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Tax Year 2005
Earned income and adjusted gross income (AGI) must each be less than:
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$35,263 ($37,263 married filing jointly) with two or more qualifying children
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$31,030 ($33,030 married filing jointly) with one qualifying child
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$11,750 ($13,750 married filing jointly) with no qualifying children
Investment income must be $2,700 or less for the year.
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Next Tax Year, 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:
For more information on whether a child qualifies you for the EITC, see Publication 596, Chapter 2, Rules If You Have a Qualifying Child.
Earned Income and adjusted gross income (AGI) must each be less than:
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$43,279 (48,279) married filing jointly) with three or more qualifying children
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$40,295 ($45,295 married filing jointly) with two qualifying children
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$35,463 ($40,463 married filing jointly) with one qualifying child
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$13,440 ($18,440 married filing jointly) with no qualifying children
Tax Year 2009 maximum credit:
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$5,657 with three or more qualifying children
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$5,028 with two qualifying children
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$3,043 with one qualifying child
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$457 with no qualifying children
Investment income must be $3,100 or less for the year.
The maximum of Advance EITC workers can receive from their employers is $1,826.
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