Earned Income Credit Remains “Expanded” in 2011

The expanded Earned Income Tax Credit (EITC) that has been in place for 2009 and 2010 has been extended through 2011 and 2012.  The expanded credit allows a higher EITC for families with three or more qualifying children (the “normal,” non-expanded EITC rules are based on a maximum of 2 qualifying children). 

For 2010, the EITC could be available to taxpayers with 3 children and income of up to $48,362 if married, and $43,352 for other filing statuses.  This is a slight increase over the 2009 amounts.