What is the maximum amount of income I can earn to get the earned income tax credit?
Posted: 04-10-2008 | Author: admin | Category: United States4 Responses to “What is the maximum amount of income I can earn to get the earned income tax credit?”
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I believe it is $30,000
Around $34,000 on a joint return, otherwise around $32,000. If you are close to hitting the limit, your EIC will be very small.
If you mean you want to get the maximum EIC, your income should be about 15,000-17,000. See pages 55-56 of the 2006 1040 Instructions.
These are the figure for 2006. For 2007 it should be slightly more:
* Earned income and adjusted gross income (AGI) must each be less than $32,001 ($34,001 married filing jointly) with one qualifying child;
* Maximum credit: $2,747 with one qualifying child;
* Investment income must be $2,800 or less for the year.