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Earned Income Tax Credit -- Do You Qualify?

Daily newsbrief journal for January 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Earned Income Tax Credit -- Do You Qualify?

Postby admin » Mon Jan 30, 2012 6:52 pm

The Earned Income Tax Credit (EITC) ( http://links.govdelivery.com/track?type ... 06,00.html ) helps low-income to moderate-income individuals and families keep more of the money they earn. Answer a series of questions on IRS.gov to see if you qualify for the credit.
For the 2011 tax year, your investment income must be $3,150 or less; and your earned income and adjusted gross income must each be less than:
$43,998 ($49,078 married filing jointly) with three or more qualifying children
$40,964 ($46,044 married filing jointly) with two qualifying children
$36,052 ($41,132 married filing jointly) with one qualifying child
$13,660 ($18,740 married filing jointly) with no qualifying children
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