What is the Earned Income Tax credit 2013?
Credit Limits for Tax-Year 2013 Those who qualify for EITC for tax year 2013, can get a credit from: $2 to $487 with no qualifying children; • $9 to $3,250 with one qualifying child; • $10 to $5,372 with two qualifying children; • $11 to $6,044 with three or more qualifying children.
What was the earned income credit for 2012?
The increases reflect the inflation adjustment. For tax year 2012, the maximum EITC for tax filers without children was $475, and it will increase to $487 in 2013. For families with one child, the maximum credit was $3,169 in tax year 2012, and it will increase to $3,250 in 2013.
What is the minimum income to qualify for earned income credit?
To qualify for the EITC, you must: Have worked and earned income under $57,414. Have investment income below $10,000 in the tax year 2021.
Do the 2012 tax rate schedules need to be removed before printing?
MUST be removed before printing. 2012 Tax Rate Schedules The Tax Rate Schedules are shown so you can see the tax rate that applies to all levels of taxable income. Do not use them to gure your tax.
What is the contracted-out rebate for 2012-13?
2The contracted-out rebate for primary contributions in 2012-13 is 1.4 per cent of earnings between the LEL and the upper accrual point (UAP) of £770 for contracted-out salary-related schemes (COSRS). Contracting out for money purchase schemes (COMPS) will be abolished on 5 April 2012.
What dividend rates are available for the 2011-12 tax year?
2The rates available for dividends for the 2011-12 tax year are the 10 per cent dividend ordinary rate, 32.5 per cent dividend upper rate and the 42.5 per cent dividend additional rate. These rates will stay the same for the 2012-13 tax year.
What is the LEL limit for 2012-13?
1The limits are defined as LEL – lower earnings limit; PT – primary threshold; ST – secondary threshold; and UEL – upper earnings limit. 2The contracted-out rebate for primary contributions in 2012-13 is 1.4 per cent of earnings between the LEL and the upper accrual point (UAP) of £770 for contracted-out salary-related schemes (COSRS).