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Does your social security number affect the amount of credit you can receive under your tax id number?
Wiki User
∙ 17y ago
Nonsensical question: A persons SS# is their Tax ID number. Credit of and for what?
Wiki User
∙ 17y ago
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Can you claim eic if you do not claim income?
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.
Will the 8000 be refunded or will just reduce your adjusted gross income?
The tax credit amount does not have any affect on your AGI nor on your taxable income amount. Your federal income tax liability if any will be reduced by up to the 8000 of your FTHBTC. If your federal income liability is less than the 8000 amount then you will receive a refund of the amount that is left. The 8000 FTHBTC is a refundable credit and if you do not have any federal income tax liability you will receive the 8000 amount as a refund.
What is the relationship between credit and loans?
Yes, your credit score does affect the loans you are able to receive. The better your credit score, the better of an interest rate you will get.
How much do you need to earn to get Social Security credit?
In 2022, you need to earn at least $1,570 to receive one Social Security credit. You can earn up to four credits per year. The amount required to earn a credit is adjusted annually based on the average wage index.
What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?
Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.
Do you lose the credit if you fail one semester?
You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.
If the amount Kelsey owes is close to her credit limit it will negatively affect her credit score true or false?
true
Will a private student loan that is currently deferred negatively affect your credit score?
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
How can one get credit building credit cards?
Credit building credit cards, also known as secured credit cards, allow the user to deposit a certain amount of money as collateral in order to receive the card. The higher the amount deposited, the higher the credit limit. Websites such as Credit and Bankrate offer information on how to obtain credit building credit cards.
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
Do I have to give up my social security number to get automobile insurance quotes?
To receive a more accurate quote a credit check may be down which would require your social security number
If you take out a line of credit for emergencies but never use it how will this affect your credit rating?
Your credit score can be impacted by available credit. Available credit being the amount of debt you could owe, if used. To use the amount, occasionally, and pay the funds back immediately will help you build a repayment history.
