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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals

General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals

Department of the Treasury

Paperback

Investing & FinanceGeneral Political Science

ISBN10: 1503373398
ISBN13: 9781503373396
Publisher: Createspace
Published: Jan 3 2015
Pages: 138
Weight: 0.74
Height: 0.30 Width: 8.50 Depth: 11.02
Language: English
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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