News Archive

 

 

No. of Children

 

Income-single person

 

Income-married filling jointly

 

Maximum Credit

 

Zero

 

$13,440

 

$18,440

 

$457

 

One

 

$35,463

 

$40,463

 

$3.043

 

Two

 

$40,295

 

$45,295

 

$5,028

 

Three

 

$43,279

 

$48,279

 

$5,657

 

 

 

If you qualify for the federal EITC and claim it on your federal return, you may be entitled to a Maryland earned income tax credit on the state return as well where you can receive up to $2,828.50 or more. 

 

And while you’re claiming your EITC, check to see if you also qualify for the Child Tax Credit, a credit that reduces your tax liability – or the amount you owe in taxes – by $1,000 for each child you claim as a dependent, and the Child and Dependent Care Tax Credit, which helps to offset the cost of child care for children under 12 and other eligible dependents.  Owing less taxes means a larger cash refund!

 

But don’t forget about the rest of your community.  After you file your taxes, complete your 2010 Census form and place it in the mail by this Thursday.  In addition to determining how many seats your state receives in the U.S. House of Representatives, the information collected by the Census also helps to determine how more than $400 billion dollars of federal funding each year is spent on infrastructure and services like schools, job training centers, hospitals, senior centers, and emergency services.

 

April 15th is an important day for our families and our communities this year.  Make your voice heard!