{
"item_title" : "General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals",
"item_author" : [" Department of the Treasury "],
"item_description" : "In 2009 and 2010, individual taxpayers are eligible for a refundable tax credit of 6.2 percent of earned income up to a maximum credit of $400 ($800 for joint filers). Thus, workers receive a credit on the first $8,065 of earned income ($16,130 for joint filers). The credit phases out at a rate of 2 percent for taxpayers with modified adjusted gross income in excess of $75,000 ($150,000 for joint filers). Dependent filers are not eligible for the credit. Neither the maximum credit amount nor the beginning of the phase-out range is indexed for inflation.",
"item_img_path" : "https://covers1.booksamillion.com/covers/bam/1/50/337/339/1503373398_b.jpg",
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General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals
Overview
In 2009 and 2010, individual taxpayers are eligible for a refundable tax credit of 6.2 percent of earned income up to a maximum credit of $400 ($800 for joint filers). Thus, workers receive a credit on the first $8,065 of earned income ($16,130 for joint filers). The credit phases out at a rate of 2 percent for taxpayers with modified adjusted gross income in excess of $75,000 ($150,000 for joint filers). Dependent filers are not eligible for the credit. Neither the maximum credit amount nor the beginning of the phase-out range is indexed for inflation.
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Details
- ISBN-13: 9781503373396
- ISBN-10: 1503373398
- Publisher: Createspace Independent Publishing Platform
- Publish Date: January 2015
- Dimensions: 11.02 x 8.5 x 0.3 inches
- Shipping Weight: 0.74 pounds
- Page Count: 138
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