2008 Earned Income Credit
2008/2009 Tax Rate Guide
2008 Filing Requirements
2008 Tax Deductions
2008 Earned Income Credit
2008 Dependent and Education Guidelines
2008 Miscellaneous Rates
2008 MACRS Recovery Periods
| EARNED INCOME CREDIT |
|---|
| Single, Head of Household, and Qualifying Widow(er) | Earned Income Ranges to Receive the Maximum EIC | MaximumEIC Amount | Maximum Earnings Before EIC Eliminated |
| FROM | TO | | |
| With No Children | $5,700 | $7,200 | $438 | $12,880 |
| With One Child | $8,550 | $15,750 | $2,917 | $33,995 |
| With Two Children | $12,050 | $15,750 | $4,824 | $38,646 |
| Married Filing Jointly | Earned Income Ranges to Receive the Maximum EIC | Maximum EIC Amount | Maximum Earnings Before EIC Eliminated |
| FROM | TO | | |
| With No Children | $5,700 | $10,200 | $438 | $15,880 |
| With One Child | $8,550 | $18,750 | $2,917 | $36,995 |
| With Two Children | $12,050 | $18,750 | $4,824 | $41,646 |
*The maximum amount of investment income you can have and still receive EIC has increased to $2,950.
| EARNED INCOME CREDIT IN A NUTSHELL |
|---|
| First, you must meet all the rules in this column. | Second, you must meet all the rules in one of these colums, whichever applies. | Third, you must meet the rule in this colum. |
Part A
Rules for Everyone | Part B
Rules if You Have a Qualifying Child | Part C
Rules if You Do Not Have a Qualifying Child | Part D
Figuring and Claiming the EIC |
1. Your adjusted gross income (AGI) must be less than $38,646 ($41,646 for married filing joint) if you have more than one qualifying child.
$33,995 ($36,995 for married filing joint) if you have one qualifying child.
$12,880 ($15,880 for married filing joint) if you do not have a qualifying child.
2. You must have a valid social security number.
3. Your filing status cannot be "married filing separate."
4. You must be a U.S. citizen or resident alien all year.
5. You cannot file Form 2555 or Form 2555-EZ (relating to foreign earned income).
6. Your investment income must be $2,950 or less.
7. You must have earned income. |
8. Your child must meet the relationship, age, and residency tests.
9. Your qualifying child cannot be used by more than one person to claim the EIC
10. You cannot be a qualifying child of another person. |
11. You must be at least 25 but under age 65.
12. You cannot be the dependent of another person.
13. You cannot be a qualifying child of another person.
14. You must have lived in the United States more than half of the year. |
15. Your earned income must be less than $38,646 ($41,646 for married filing joint) if you have more than one qualifying child.
$33,995 ($36,995 for married filing joint) if you have one qualifying child.
$12,880 ($15,880 for married filing joint) if you do not have a qualifying child. |
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