Monday, January 12, 2009

Earned Income Credit Guideline for 2008 Tax Returns

Earned income credit. The maximum amount of income you can earn and still get the credit has increased. You may be able to take the credit if you earn less than:
$12,880 ($15,880 if married filing jointly), do not have a qualifying child, and are at least 25 years old and under 65,
$33,995 ($36,995 if married filing jointly), and have one qualifying child living with you, or
$38,646 ($41,646 if married filing jointly), and have more than one qualifying child living with you.

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