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What else can I help you with?
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.
If claim a dependent on taxes how much do you get back?
That's impossible to answer. It depends in part on your tax bracket. It depends on what tax credits the additional dependent might make you eligible for: child tax credit, additional child tax credit, EIC. At one extreme, you may get nothing back. On the other extreme, you may get thousands.
Earned Income Credit (EIC) Calculator?
Earned Income Credit (EIC) Calculator Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for tax year 2010.
Is there a minimum amount you have to earn to claim your kids on your taxes?
No there isn't. If they fulfill the requirements to be dependents, you can claim them regardless of your income. However, if you don't owe any taxes, don't qualify for EIC, and don't qualify for the Additional Child Tax Credit, it probably won't do you a whole lot of good.
Who can claim a qualifying child for the EIC after divorce is not specified in divorce agreement?
The child that the child actually lives with for most of the year can claim the EIC on the child. If the divorce agreement specifies that a non-custodial parent can claim the child on his or her taxes, it does not mean that he or she can claim the EIC on the child. EIC is not granted in court orders. To claim EIC, you must pass the age, relationship, and residency requirements. If the child does not actually live with the non-custodial parent for most of the year than the non-custodial parent may NOT claim the child.
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
What are the NC Mobile home repossession laws?
You can claim EIC if you have the filing status 'married filed separately'.
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.
What factors should be considered when making an EIC decision?
When making an EIC (Earned Income Credit) decision, factors such as income level, filing status, number of qualifying children, and eligibility for other tax credits should be considered. It is important to accurately report income and meet all eligibility requirements to claim the EIC.
In my 2005 divorce decree-my ex-can claim my daughter. Today I was reading over P501-it states I can also claim my child for eic,child care. My 2 children live with me(holiday/vac),i receive support-the rest its me.As headofhousehold can i claim her as we?
You can not both claim her. If he stops claiming her then you can.
If it was in the divorce that the non-custodial parent can claim one of the children for tax purposes are they elgible for eic?
If it states in the divorce that you can claim 1 of then children each year then you can get the Child Tax Credit and whatever else extra for that child. There may be certain forms you need to fill out or have the other parent fill out to make it happen.
If claim a dependent on taxes how much do you get back?
That's impossible to answer. It depends in part on your tax bracket. It depends on what tax credits the additional dependent might make you eligible for: child tax credit, additional child tax credit, EIC. At one extreme, you may get nothing back. On the other extreme, you may get thousands.
If the noncustodial parent claims the child as an exemption, but does not qualify for EIC or Child Tax Credit, can the custodial parent claim EIC, for which she qualifies with one child and file as Head of Household?
The only way your ex-husband can claim your child, regardless of what the divorce decree states, is if you agree to it by filing Form 8332. To find out more visit the IRS website or call them directly. They are very informative and helpful in these situations.
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.
When did eic started?
in 1600
What are the submission guidelines for the EIC Journal?
The submission guidelines for the EIC Journal include formatting requirements, word limits, citation style, and instructions for submitting manuscripts. Make sure to follow these guidelines carefully before submitting your work.
