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 2008?
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Earned Income Credit Amounts for Tax Year 2008

Number of Children Earned Income/Adjusted Gross Income MUST be Less Than: Maximum Earned Income Credit**
0
$15,880 if filing status is Married Filing Jointly
$12,880 for all other filing statuses*
$438
1
$36,995 if filing status is Married Filing Jointly
$33,995 for all other filing statuses*
$2,917
2 or More
$41,646 if filing status is Married Filing Jointly
$38,646 for all other filing statuses*
$4,824

*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 $2,950.


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