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{ "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", "price_data" : { "retail_price" : "16.99", "online_price" : "16.99", "our_price" : "16.99", "club_price" : "16.99", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals|Department of the Treasury

General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals

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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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