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Tax Time Info from the New York City Government
The Earned Income Tax Credit (EITC)
The Earned Income Tax Credit (EITC) returns federal, state
and city government dollars to working families and individuals
through either a credit on their taxes or as cash refunds.
Earned Income Tax Credit Eligibility Requirements
and Credit Amounts
Tax Year 2007 Returns |
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Maximum Combined Credit |
Maximum Federal Credit |
Maximum State Credit |
Maximum City Credit |
Maximum Income |
| Families with more than one qualifying
child |
$6,367 |
$4,716 |
$1,415 |
$236 |
$37,783
($39,783 MFJ*) |
| Families with one qualifying child |
$3,852 |
$2,853 |
$856 |
$143 |
$33,241
($35,241 MFJ*) |
| Individuals |
$578 |
$428 |
$128 |
$21 |
$12,590
($14,590 MFJ*) |
*Married Filing Jointly Consult the chart above to see if
you qualify for the Earned Income Tax Credit.
For more information, go to http://www.nyc.gov/html/dca/html/initiatives/eitcinfo.shtml
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