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The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.
What else can I help you with?
How does a member receive american express rewards?
A member can receive American express rewards by retaining an American express credit card. When the member has the card they can sign up for the service by calling American express. The member will then earn rewards by purchasing qualifying items from certain retailers.
How much can you earn to get a full refund from taxes?
That's impossible to say. It depends on your deductions, exemptions (dependents), what credits you are eligible for (EIC, child tax credit, additional child tax credit, saver's credit, making work pay credit), which of the 250 million different education benefits you are eligible for, whether you lived in a natural disaster zone or took in a refugee from a natural disaster zone, where your income was from (capital gains, qualified dividends, self-employment), and a whole list of other factors too large to list or remember.
How much income do you have to earn to qualify for earned income credit?
$3500 or more
Can you still get a refund even if you did not earn an ioncome?
No unless you have earned income you can not receive a refund.
How much money does an architect who builds skyscrapers earn a year?
Architects don't "build" skyscrapers, they design them. Give credit where credit is due, IronWorkers build skyscrapers.
How many units to receive a BA?
Generally it is 120 credit hours to earn a BA
What is child tax credit?
The child tax credit can be used by anyone who has a qualifying child that they provided more than half of their support throughout that tax year. You can earn up to 1,000 dollars per qualifying child.
What child tax credit?
The child tax credit can be used by anyone who has a qualifying child that they provided more than half of their support throughout that tax year. You can earn up to 1,000 dollars per qualifying child.
How much do you need to earn to get Social Security credit?
You receive one credit for each $1,120 you earn, up to four credits per year ($4,480). Generally, you will need to earn a minimum of 40 credits to qualify for retirement benefits, but the Social Security Administration applies different rules for special circumstances, so this is only a rule of thumb.
How much interest do you need to earn in order to receive a 1099 form?
You typically need to earn at least 10 in interest in a year to receive a 1099 form.
What are the advantages to an airline mileage credit card?
With an airline mileage credit card, one can get rewarded. There are many benefits and rewards you can receive for having a credit card. Using an airline credit card can also earn you traveling points.
Are you eligible for earn income credit if your child was born on septemmber 01 2009?
Yes. If you child is born during the tax year 2009 you are eligible for the earned income credit. However, you must meet the other requirements of the earned income credit.
Can you earn rewards when you use prepaid credit cards?
You can earn rewards when using prepaid credit cards, such as iTunes cards and iPhone applications, and some companies will even give you a $25 gift card, but you cannot earn the type of rewards regular credit cards give. For instance, you will not receive frequent flyer miles or points toward vacations with a prepaid card.
How do you get everything in mathletics face maker?
by earn credit to earn credit win the activits or then spend your credit
How many kills do you have to get to reach hero on halo reach?
Number of kills does not increase rank, credit does. You can receive credit for kills, but also for pretty much everything else too. The amount of credit needed to earn the rank Hero is 3,700,000.
What are the best credit cards to earn frequent flyer miles?
Air-Miles provides a great way to earn frequent flyer miles. Just order the credit card online, and start spending. These points will go on to your frequent flyer credit and you can start flying cheap!
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
