Earned Income Credit and Child Tax Credit Amounts
| Earned Income Credit | ||
| Tax Year 2008 | ||
| No. 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. |
||
| Earned Income Credit | ||
| Tax Year 2009 | ||
| No. of Children | Maximum credit | Earned Income/AGI Each Less Than |
| 0 | $457 | $13,440* |
| 1 | $3,043 | $35,463* |
| 2 | $5,028 | $40,295* |
| 3 or more | $5,657 | $43,281* |
|
Taxpayers with investment income of more than $3,100 are not eligible for the credit. * Increase these amounts by $5,000 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 | $3,000 |
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