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Earned Income Credit (February 2015)

Employees may be entitled to claim an Earned Income Tax Credit (EITC) on their 2014 federal and Maryland income tax returns if both their federal adjusted gross income and their earned income is less than:

  • $46,997 (for married filing jointly $52,427)- if you have three or more qualifying children
  • $43,756 (for married filing jointly $49,186)- if you have two qualifying children
  • $38,511 (for married filing jointly $43,941)- if you have one qualifying child
  • $14,590 (for married filing jointly $20,020)- if you do not have a qualifying child

For more information please visit www.irs.gov or www.marylandtaxes.com

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Tags: EITC, HR/Payroll Shared Services, Tax Credit

2015 Pre-Tax Commuting-To-Work Limits (February 2015)

The JHU Commuting-to-Work Program treats qualified parking and mass transit expenses on a pre-tax basis which means the amounts are excluded from your taxable income up to the amount allowed by the IRS.

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Tags: Wage Works, Tax Credit

Earned Income Credit (February 2014)

Employees may be entitled to claim an Earned Income Tax Credit (EITC) on their 2013 federal and Maryland income tax returns if both their federal adjusted gross income and their earned income is less than:

    • $46,227 (for married filing jointly $51,567) - if you have three or more qualifying children
    • $43,038 (for married filing jointly $48,378) - if you have two qualifying children
    • $37,870 (for married filing jointly $43,210) - if you have one qualifying child
    • $14,340 (for married filing jointly $19,680) - if you do not have a qualifying child

For more information please visit www.irs.gov or www.marylandtaxes.com. More...

Tags: Tax Credit, ESS