low-income working individuals and families
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.
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.
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.
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.
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.