Here are the 2008 tax year income limits, maximum EITC amount and the EITC-related tax law changes. You can also access the information for:

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2008 Tax Year

Earned income and adjusted gross income (AGI) must each be less than:

• $38,646 ($41,646 married filing jointly) with two or more qualifying children
• $33,995 ($36,995 married filing jointly) with one qualifying child
• $12,880 ($15,880 married filing jointly) with no qualifying children
  

Tax Year 2008 maximum credit:

• $4,824 with two or more qualifying children
• $2,917 with one qualifying child
• $438 with no qualifying children
  

Investment income must be $2,950 or less for the year.

Nontaxable Combat Pay. The provision to include nontaxable combat pay in your income to claim the EITC was made permanent by Congress. See Nontaxable combat pay election in Pub. 3 for more information).

Tax Relief for Midwest Disaster Areas

Special tax relief related to severe storms, tornadoes or flooding, occurring after May 19, 2008, and before August 1, 2008, is available to individuals in portions of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska and Wisconsin that were affected by these disasters. Tax benefits include the option to use 2007 earned income to figure a 2008 earned income tax credit (EITC) and additional child tax credit. Details on these and other relief provisions are in Publication 4492-B.