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Will you be able to go back 4 years and claim earned income credit for 3 of your children that did and still do live with you?
If this is a simple case of having missed the EIC on your return as originally file, you can amend a return for up to 3 years from the due date of the original return plus extensions. You have until October 15th , 2011 to file an amended return for 2007 but the filing window has closed on anything older than that.
However, this question requires a bit more information for that to be the only answer. If someone else claimed your children and took the Earned Income Credit on their return, you will not be able to claim it on an amended return unless you want to stir up a big stink with the IRS and the other person--they would have to file an amendment to "unclaim" the children and pay back the amount their tax bill was reduced by the EIC, etc. I would advise that if this is anything other than an omission on your return as originally filed that you work with a qualified tax preparer to address all the potential issues this could raise.
What else can I help you with?
How can I claim the Earned Income Credit on my taxes using IRS Form 8332?
To claim the Earned Income Credit on your taxes using IRS Form 8332, you must meet the eligibility requirements for the credit and provide the necessary information on the form. This includes details about your earned income, filing status, and any qualifying children you may have. Make sure to carefully follow the instructions on the form and submit it along with your tax return to claim the credit.
Can you claim 3 or more children to get more money back on your tax refund?
If you have earned income you claim as many as you have for an exemption however for the EIC credit you can only claim 3
Can you claim more than 3 dependents?
You can claim as many dependants you can prove that you did support. However you can only claim the EIC(Earned Income Credit) on up to 3 qualify children.
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.
If you earned income for the whole year while in a penal institution do you still file income taxes?
Sure. The fact that you were incarcerated does not exempt you from filing income taxes and paying tax on your income. It does prevent you from claiming many of the tax credits such as Earned Income Credit, Child Tax Credit as you cannot claim that you supported your children or that they lived with you during this time.
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.
Can I claim earned income credit for my child while the other parent claims him as a dependent?
i think you can
What are the eligibility requirements for claiming the Child Earned Income Credit in 2022?
To claim the Child Earned Income Credit in 2022, you must have a qualifying child who meets certain age, relationship, residency, and support requirements. Additionally, you must have earned income within certain limits and meet specific income thresholds.
Can you claim your step children and file separately?
You can claim them for an exemption if you provided over 50% of their care. You may not file them for Earned Income Tax Credit because they are not a blood relation to you and their biological parent is not a primary on the tax return.
How many years back can people claim their Earned Income Credit?
Individuals can claim the Earned Income Credit (EIC) for up to three years back from the current tax year. This means that for the 2023 tax year, taxpayers can amend previous returns for 2020, 2021, and 2022 to claim the credit if they qualify. However, they must file an amended return to receive the credit for those years.
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
