How much earned income to recieve federal income tax and the child tax credit????

For wage earners who receive W-2 forms only you will not be subject to income tax until your income exceeds the total of your standard deduction plus your exemptions. For 2006 you are allowed $3,300 for each exemption. The standard deductions are $10,300 for Married Filing Jointly, $7,550 for Head of Household and $5,150 for Single.


So that would be $20,200 for a married couple with one child if they file MFJ. They would have $0 (zero) tax liability and would not be required to file a return at all. However they should file because they are likely to have had some withholding they would want returned.


As for Child Tax Credit that is a non-refundable credit of up to $1,000 per child that reduces your tax liability. It is of no benefit unless you have tax liability to apply it against.They may however be eligible for Earned Income Credit of $1735 and some Additional Child Tax Credit. ACTC is a refundable credit that refunds a portion of the child tax credit not used if they had no tax liability to use it against. Taxpayers below the filing limits should always consider filing to get back any withholding and any of the refundable credits they may be eligible for. See a tax professional for help as they will likely make you money.

How much earned income to recieve federal income tax and the child tax credit????
it depends on how much money you made.....


the most earned income credit you can get is 4000 bucks or so and that is if you made 11 thousand bucks... it starts going down from there, at about 30 thousand net income you made too much to get any earned income credit.,


the CHILD TAX credit is not cash money it is a DEDUCTION of sorts that allows you not to PAY taxes... if you made over the 30 thousand and you did not qualify for the earned income credit you would qualify for the TAX CREDIT, which would make you have to pay less taxes
Reply:up to 32,000 total income. depends on number of children