Yes as long you have the necessary qualifying earned income.
The Earned Income Credit can't be claimed if you file Married Filing Separately.It can be claimed by all other filing status (Single, Married Filing Jointly, Head of Household, Qualifying Widow/er).For more information, go to www.irs.gov/taxtopics for Topic 601 (Earned Income Credit). Also go to www.irs.gov/formspubs for Publication 596 (Earned Income 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??
Big difference. If you have a child under the age of 16 you get a 1000.00 child tax credit. Depending on the income if you fall below the 25,000 income and have a child you will also get an earned income credit which you only get if you have a child living with you. Hope this helps.
Fees Earned is an Income and whenever an income increases its credited! So that makes it a credit.
no you may not If you have no earned income, you would not qualify for the earned income credit.
The Earned Income Credit can't be claimed if you file Married Filing Separately.It can be claimed by all other filing status (Single, Married Filing Jointly, Head of Household, Qualifying Widow/er).For more information, go to www.irs.gov/taxtopics for Topic 601 (Earned Income Credit). Also go to www.irs.gov/formspubs for Publication 596 (Earned Income Credit).
Unemployment benefits are not "earned income", so you should not be eligible for earned income 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??
Big difference. If you have a child under the age of 16 you get a 1000.00 child tax credit. Depending on the income if you fall below the 25,000 income and have a child you will also get an earned income credit which you only get if you have a child living with you. Hope this helps.
Fees Earned is an Income and whenever an income increases its credited! So that makes it a credit.
Yes it is.
no you may not If you have no earned income, you would not qualify for the earned income credit.
No. The earned income tax credit is a credit received by some based on their income and lawful dependent children. It is not a deduction of any kind.
NO workers compensation for an on the job injury is not qualified taxable earned income for the earned income credit.
EIC is a refundable credit.
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.
The IRS government site has an earned income tax credit table. Also, Turbo Tax has a good earned income credit table. Turbo Tax will ask questions that will help one determine if they qualify for a credit. Then, one can use their income credit table to see how much credit they can claim.