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no you may not If you have no earned income, you would not qualify for the earned income credit.
No. You have to have qualified earned income worked for. Self employment income that you worked for.
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.
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).
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
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
No. Social Security and Pension income are not considered earned income for the purposed of the Earned Income Tax Credit. This is not to say that you will not have to file an income tax return and possibly pay taxes. Depending on the amount of income you have and your filing status, you may or may not have to file a return.
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
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.
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.