Earned income amount is more. The maximum amount of income you can earn and still get the credit has increased. You may be able to take the credit if:

• You have more than one qualifying child and your earned income was less than $38,646 ($41,646 if married filing jointly),
• You have one qualifying child and your earned income was less than $33,995 ($36,995 if married filing jointly), or
• You do not have a qualifying child and your earned income was less than $12,880 ($15,880 if married filing jointly)

Your adjusted gross income also must be less than the amount in the above list that applies to you.

Investment income amount is more. The maximum amount of investment income you can have and still get the credit has increased to $2,950.

Midwestern disaster area taxpayers

If your main home was in a Midwestern disaster area when the disaster occurred and your 2008 earned income is less than your 2007 earned income, you may be able to elect to use your 2007 earned income to figure your 2008 earned income tax credit. See Publication 4492–B, Information for Affected Taxpayers in the Midwestern Disaster Areas, for more information on who should take this election and how to file your claim.

New – Print Feature

Beginning for tax year 2008, this tool provides you with the option to display a printable summary of your estimated Earned Income Tax Credit.