-
$36,348
($38,348
married filing jointly) with two or
more qualifying children
-
$32,001
($34,001
married filing jointly) with one qualifying child
-
$12,120
($14,120
married filing jointly) with no qualifying
children
The 2006 Tax
Year maximum credit is:
-
$4,536
with two or more qualifying children
-
$2,747
with one qualifying child
-
$412
with no qualifying children
A
taxpayer’s investment income must be $2,800
or less for the year.
__________________________________________
Additional
Qualification Requirements
The taxpayer must
have earned income from employment or from
self-employment
-
The taxpayer’s filing status cannot be married
filing separately
-
The taxpayers must be a U.S. citizen or resident
alien all year or a
nonresident alien married to a U.S. citizen or resident
alien and
filing a joint return
-
The taxpayer cannot be a qualifying child of
another person
-
If the taxpayer does not have a qualifying child,
he or she must:
- Be age
25 but under
65 at the end of
the year,
-Live in the United
States for more than half of the tax year, and
-Not qualify as a
dependent of another person.
-
The taxpayer, his or her spouse (if filing
jointly) and any qualifying child
listed on Schedule EIC must
have valid SSNs issued by the Social
Security Administration.
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