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The Boston Globe


Tax breaks from Obama

-- Making Work Pay was a tax credit that savedindividuals up to $400 a year, $800 for couples, inthe 2009 and 2010 tax years. The credit wasphased out for higher-income Americans, startingat $150,000 for joint filers.

-- Earned Income Credit was expanded from 40 percent to 45percent of qualified earnings for families with three or more children,raising maximum 2009 credit from $5,028 to $5,657. More married couples became eligible when the income level for phasing out thecredit was raised by $2,000. Expansion applied to 2009 and 2010.

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