Frank DiPaola, EA

Frank DiPaola, EA

Tax Accountant
 Tax Form Processing LLC 
FOR THE TAXPAYERSM
www.TaxFormProcessing.com
2400 N Forsyth Road Suite 101
Orlando, FL 32807-6445
What's NEW for Tax Year 2006?
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Earned Income Credit Amounts for Tax Year 2006

 
Number of Children Earned Income/Adjusted Gross Income MUST be Less Than: Maximum Earned Income Credit**
0
$14,120 if filing status is Married Filing Jointly
$12,120 for all other filing statuses*
$412
1
$34,001 if filing status is Married Filing Jointly
$32,001 for all other filing statuses*
$2,747
2 or More
$38,348 if filing status is Married Filing Jointly
$36,348 for all other filing statuses*
$4,536

*Excludes "Married Filing SEPARATELY." Taxpayer's using this filing status CANNOT claim the Earned Income Credit.

**You MUST use the IRS tables to determine the exact amount of earned income credit.

The Earned Income Credit CANNOT be claimed if investment income exceeds $2,800.


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