EARNED INCOME CREDIT

Earned income credit can be filed by taxpayers whose income is below a certain threshhold. However, if your investment income is greater than $2600, you are not eligible for the credit even if your total income is below the threshhold.

The threshhold for 2003 was:

- $12,230 if you had no children

- $30,666 if you had 1 child

- $34,692 if you had more than 1 child