what is the earned income credit for 2007?

Answer 1

The EIC is based on earned income. So it will vary from taxpayer to taxpayer.
For the 2006 tax year, The maximum EIC credit is:

$4,536 with two or more qualifying children;
$2,747 with one qualifying child;
$412 with no qualifying children.

You should refer to your 1040 tax booklet to figure the EIC.

Answer 2

It varies based on the amount of your earned income, your filing status, and the number of qualifying children.