Important Changes for 2001Earned income amount is more. The amount you can earn and still get the credit has increased for 2001. The amount you earn must be less than:
Investment income amount is more. The maximum amount of investment income you can have and still get the credit has increased for 2001. You can have investment income up to $2,450. For most people, investment income is taxable interest and dividends, tax-exempt interest, and capital gain net income. To get more detailed information, see Rule 5. Kidnapped child. You may be able to claim the EIC for persons with a qualifying child even though your child has been kidnapped. To get more detailed information, see Kidnapped child under Rule 7. |