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 2012?
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Earned Income Credit Amounts for Tax Year 2012

Number of Qualifying Children Earned Income/Adjusted Gross Income MUST be Less Than: Maximum Earned Income Credit**
0
$19,190 if filing status is Married Filing Jointly
$13,980 for all other filing statuses*
$475
1
$42,130 if filing status is Married Filing Jointly
$36,920 for all other filing statuses*
$3,169
2
$47,162 if filing status is Married Filing Jointly
$41,952 for all other filing statuses*
$5,236
3 or More
$50,270 if filing status is Married Filing Jointly
$45,060 for all other filing statuses*
$5,891

*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 $3,200.

For more details on the qualifications for the earned income credit, click here.


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Last Revised January 01, 2012