Earned Income Tax Credit Eligibility for Tax Year 2009
New for tax year 2009: The amount of EITC increased for workers
with a third qualifying child* and the rules changed for determining
who is 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
-
$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
-
$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.
* Taxable earned income includes:
Wages, salaries, and tips;
Union strike benefits;
Long-term disability benefits received prior to minimum retirement age;
Net earnings from self-employment.
Some examples of Income that is not considered earned:
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interest and dividends
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pensions
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social security
-
unemployment benefits
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alimony
-
child support.
For more information visit www.irs.gov |
