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Can i receive the earned income tax credit if i was self employed and have not yet paid taxes?
Wiki User
∙ 16y ago
Self-employment income does qualify as earned income for the credit. If you have children, the EIC is often more than the self-employent tax you owe. This year, it can also qualify you for the Stimulus money.
Wiki User
∙ 16y ago
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Can you receive tax refund if you have no income?
no you may not If you have no earned income, you would not qualify for the earned income credit.
How do i apply for earned income credit if I am self employed?
Self-employment income is earned income. If you meet all the requirements of the requirements for the earned income credit, you would claim it on your tax return. For more information, go to irs.gov website and type this in the search box: "Do I qualify for earned income credit." This will give you information about all the qualifications.
Do you qualify for eic when self employed?
Any earned income, including net earnings from self-employment, may qualify you for the Earned Income Credit. But you still have to meet the income limits and other requirements.
How does one get earned income credit?
Earned income tax credit, or EITC, can be received if certain qualifications are met. Self employed workers and farmers earning less than $50,270 are generally eligible. Reward credits limits are based on the amount of children.
How long do you have to be employed to receive income tax?
One generally does not receive income tax. You don't even have to be employed. Just have income. And having no income can also be a reason to file.
Can you receive tax refund if you have no income?
no you may not If you have no earned income, you would not qualify for the earned income credit.
Can self employed people get advanced earned income credit?
Yes all self employed people can.
How do i apply for earned income credit if I am self employed?
Self-employment income is earned income. If you meet all the requirements of the requirements for the earned income credit, you would claim it on your tax return. For more information, go to irs.gov website and type this in the search box: "Do I qualify for earned income credit." This will give you information about all the qualifications.
Can you receive child tax credit if you did not work?
No. You have to have qualified earned income worked for. Self employment income that you worked for.
Do you qualify for eic when self employed?
Any earned income, including net earnings from self-employment, may qualify you for the Earned Income Credit. But you still have to meet the income limits and other requirements.
Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
Can a head of household with 1 qualifying dependent who was unemployed for 2009 receive earned income credit?
I think the answer would be no...its EARNED INCOME CREDIT...you must have earned taxable income for that yr in order to file...as well you must make a certain amount to qualify..also you can not get it if you make to much
How does one get earned income credit?
Earned income tax credit, or EITC, can be received if certain qualifications are met. Self employed workers and farmers earning less than $50,270 are generally eligible. Reward credits limits are based on the amount of children.
Do you have to have a job to receive the Earned Income Credit?
You have to have qualifying earned income pay that you received for your services, worked for, self employment income any of those amounts would be qualifying earned income for the tax credits that are available for the tax year 2009 and 2010
How long do you have to be employed to receive income tax?
One generally does not receive income tax. You don't even have to be employed. Just have income. And having no income can also be a reason to file.
You only received unemployment for 2009 will you be eligible for earned income credit?
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
Who is eligible for the earned income tax credit?
If you had miscellaneous income from working for an individual and received a 1099misc form would this income qualify for the earned income credit??
