Yes all self employed people can.
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.
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.
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.
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.
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??
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.