if u carry a dependent
Unless you paid federal and state taxes you cannot get a refund. Many people make the mistake of thinking they can file taxes simply to get the earned income credit. They are wrong. It is called the earned income credit because they earned an income. So unless you worked at some point over the prior year you cannot get the earned income credit. And unless you paid taxes in then you have nothing to file or claim.
Earned income credit
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
From $1 to $50 of qualified earned income that you worked for. Go to www.irs.gov and use the search box for EITC
Yes. The earned income credit was added to the IRS Code by the Tax Reduction Act of 1975. It was meant to offset Social Security taxes of low-income workers with children and to encourage them to work.For more information, go to www.irs.gov/taxtopics for Topic 601 (Earned Income Credit).
Unless you paid federal and state taxes you cannot get a refund. Many people make the mistake of thinking they can file taxes simply to get the earned income credit. They are wrong. It is called the earned income credit because they earned an income. So unless you worked at some point over the prior year you cannot get the earned income credit. And unless you paid taxes in then you have nothing to file or claim.
Earned income credit
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
I don't have an answer, i want to know the answer
From $1 to $50 of qualified earned income that you worked for. Go to www.irs.gov and use the search box for EITC
Sure. The fact that you were incarcerated does not exempt you from filing income taxes and paying tax on your income. It does prevent you from claiming many of the tax credits such as Earned Income Credit, Child Tax Credit as you cannot claim that you supported your children or that they lived with you during this time.
Yes. The earned income credit was added to the IRS Code by the Tax Reduction Act of 1975. It was meant to offset Social Security taxes of low-income workers with children and to encourage them to work.For more information, go to www.irs.gov/taxtopics for Topic 601 (Earned Income Credit).
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
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.
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.
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
Yes you can file income taxes on $945.00 that you earned.