2007-12-11 09:40:31 · 3 answers · asked by courtney d 1 in Business & Finance ➔ Taxes ➔ United States
The EIC is based upon your filing status and income. There is no meaningful average.
2007-12-11 09:52:04 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Last year (2006 tax returns), it ranged from zero to $ 2747 depending on your income. As your income goes up from zero, the credit increases up to a point, then begins to decrease as your income rises above that point. If you made $ 8050 you would get the maximum credit. If you made over $ 16,849 it is completely phased out.
For 2007 returns the amount and income ranges will change.
2007-12-11 13:14:25 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Anywhere from zero to $2747 depending on filing status, and amount and source of income. If you are wondering what YOU would get, you'll have to provide that information.
2007-12-11 14:57:46 · answer #3 · answered by Judy 7 · 0⤊ 0⤋