ALL of these are false:
A amount of debt is less than the income earned
B after bankruptcy you can't get credit for 10 years
C everything you own goes into bankruptcy
EIC is a refundable credit.
NO, cash is money you have and probably earned....credit cards are monies not earned by you, hence an unsecured loan.
No, discharge of debts through bankruptcy do not create taxable earned income. However, you can have Capital Gains or Losses if any real-estate was disposed in that bankruptcy.
Any federal or state agencies (including student loan and child support) have the right to take any amount due from your refund. It has nothing to do with EIC and they have the right to take the whole refund you are due if you are in default or have a judgment against you.
eic would probably be referring to the EARNED INCOME TAX CREDIT (EITC) Go to the IRS gov website and use the search box for Earned Income Tax Credit (EITC) The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families.
Yes unless it is Earned Income Credit.
Credit doesn't come from earned tax credit, but how much you owe, the amount of debt in relation to what you earn, the use of credit, and hard inquiries into your credit. Points are assigned giving you a credit score.
I don't have an answer, i want to know the answer
Credit Union have a savings plan where the amount of interest earned is dependant on the amount of money being saved. Further information can be found on the Credit Union website.
The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $48,279. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.Go to the IRS gov website and use the search box for Publication 596 (2009), Earned Income Credit (EIC)
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.
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
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.
EIC is a refundable credit.
yes they do take your child tax. i just payed mine and now they are wanting my car i payed off. I am trying to find out how to get it so they can not take my only car.They told me that is the car is more then 1000.00 they can take it First, State isn't important. It depends on what Federal circuit court you file in (Bankruptcy is a federal law, an while circuits define somethings differently, it may not be too substantial a difference). It is true that most circuits have determined that the tax credit is part of the bankruptcy assets. However, some portions of the credit may not be, and like anything to do with the taxes of a bankrupt, which portion are from before and which portion are from after your filing is important (taxes from before filing are part of the BK, after, not).
Yes it is.
If you are a qualified taxpayer for the EITC you can get $ 2 EITC if you have at least $ I but less than $ 50 qualifying earned income if the amount from the worksheet $ 1 to $ 50.