Earned Income Tax Credit (EITC)
For 2009 and 2010 tax returns, the EITC has been temporarily increased for taxpayers with 3 or more qualifying children to a maximum credit of $5,657.
Additional Child Tax Credit
Under the ARRA, families with only $3,000 of yearly income (families who do not normally have to file a return) may qualify for $1,000 per child.
Unemployment Income
The first $2,400 of unemployment income is not taxable. |