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Can you count combat pay towards earned income credit but not for child tax credit?
Wiki User
∙ 15y ago
As a frequent contributor here, I must first apologize for my last response to a combat pay question. I messed that up bad. The whole military pay topic sub catagories like combat pay, which also has many subs and ifs...is a tax world unto itself. I believe the answer to this Q is that you can elect to have it count to EIC. Now I'm not sure that means it's already excluded from CTC already....again a lot of this pay is excluded way before those calcs. There is certainly enough possibilities with this special income to either get software which probably leads you through it, or if using a service, try and chose one near a base that may deal with many of these. (Like a return with farm income & benefits is uncommon to the tax trade in a big city).
Wiki User
∙ 15y ago
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If a 14 year old child works babysitting afterschool and is paid cash 1500 or less per year does he have to file taxes does his parent have to claim his income on their taxes?
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Winnings in California game show is taxed where?
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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??
Can unemployment benefits be used towards earned income credit?
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Do social security disability income count towards ObamaCare?
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Is fees earned debit or credit?
Fees Earned is an Income and whenever an income increases its credited! So that makes it a credit.
Is earned income credit a refundable credit?
Yes it is.
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.
Is earned income tax credit an itemized deduction?
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.
Can you get earned income back if you are on workerscomp?
NO workers compensation for an on the job injury is not qualified taxable earned income for the earned income credit.
Is earned income credit a nonrefundable credit?
EIC is a refundable 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.
Where can one find an earned income credit table?
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.
