Saturday, June 19, 2010

Does anyone know how much the Earned Income Credit will be per child for this tax season?

Tax Year 2007 maximum credit:



$4,716 with two or more qualifying children;



$2,853 with one qualifying child;



$428 with no qualifying children.



Does anyone know how much the Earned Income Credit will be per child for this tax season?

The EIC is not a flat per-child amount. Rather, the EIC amount is based on your income. It starts low, then it increases as your income does. As income goes even higher, the EIC begins to decline until you no longer qualify.



Does anyone know how much the Earned Income Credit will be per child for this tax season?

There is no set amount per child. It varies depending on your income.



Edit---



At $45k for the year, your EIC will be $0.00.



Note: Married people who file separately do not qualify for EIC at all.



Does anyone know how much the Earned Income Credit will be per child for this tax season?

EIC total amount ranges from $2 to over $4000 - there%26#039;s no one answer to your question without more info. The amount you%26#039;d get depends on your eligible earned income, your filing status, and whether you have no children, one child, or more than one. Post again with that info and someone can give you a better answer.

No comments:

Post a Comment

Blog Archive