Earned Income Tax Credit is one of the few refundable tax credits you can get even if you do not owe any taxes.
The maximum credit for the 2010 Tax Year has been increased to $5,666.
| Earned Income Credit | ||
| Tax Year 2010 | ||
| No. of Children | Maximum credit | Earned Income/AGI Each Less Than |
| 0 | $457 | $13,460 ($18,470 if Married Filing Joint) |
| 1 | $3,050 | $35,535 ($40,545 if Married Filing Joint) |
| 2 | $5,036 | $40,363 ($45,373 if Married Filing Joint) |
| 3 or more | $5,666 | $43,352 ($48,362 if Married Filing Joint) |
| Taxpayers with investment income of more than $3,100 are not eligible for the credit. | ||
