Earned Income Credit and Child Tax Credit Amounts
| 2008 Earned Income Credit | ||
| # of children | Maximum credit | Earned income/ AGI* each less than |
| 0 | $438 | $12,880 |
| 1 | $2,917 | $33,995 |
| 2 or more | $4,824 | $38,646 |
Taxpayers with investment income of more than $2,950 are not eligible for the credit.
*Increase these amounts by $3,000 for joint return filers.
*Increase these amounts by $3,000 for joint return filers.
| 2009 Earned Income Credit | ||
| # of children | Maximum credit | Earned income/ AGI* each less than |
| 0 | $457 | $13,440 ($16,560*) |
| 1 | $3,043 | $35,463 ($38,583*) |
| 2 or more | $5,028 | $40,295 ($43,415*) |
Taxpayers with investment income of more than $3,100 are not eligible for the credit.
*For joint return filers.
*For joint return filers.
| Child Tax Credit | ||
| 2008 | 2009 | |
| Maximum credit per child | $1,000 | No change |
| Credit begins to phase out when modified AGI exceeds ... |
$110,000 (MFJ) $75,000 (SGL, HH, QW) $55,000 (MFS) |
No change |
| Additional child tax credit is based on earned income in excess of ... |
$8,500 | $12,550 |
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