EITC Income Guidelines
Current Tax Year 2006
Earned income and adjusted gross income (AGI) must each be less than:
- $36,348 ($38,348 married filing jointly) with two or more qualifying children;
- $32,001 ($34,001 married filing jointly) with one qualifying child;
- $12,120 ($14,120 married filing jointly) with no qualifying children.
Tax Year 2006 maximum credit:
- $4,536 with two or more qualifying children;
- $2,747 with one qualifying child;
- $412 with no qualifying children.
Investment income must be $2,800 or less for the year.
Generally, if you are eligible for EITC, then you are also eligible for Free Tax Preparation. For a list click here (link to listing in other section).
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Investment income must be $2,800 or less for the year. Generally, if you are eligible for EITC, then you are also eligible for Free Tax Preparation. For a list click here (link to listing in other section).
Kansas EITC
Kansas has a refundable earned income tax credit. A refundable credit may exceed the value of the taxpayer’s tax liability.
The Kansas earned income credit is a percentage of the federal earned income tax credit. The state EIC is equal to 15 percent of the federal credit. Again, it was assumed that taxpayers qualifying for the credit had two qualifying children. Exhibit 14 shows the imputed value of the earned income credit.
Missouri EITC
Missouri does not have an Earned Income Credit at this time.
Links to more EITC Information
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EITC Info
