ok, i am looking for a table with all the amounts a individual can make and how much of eic they will get, for ex: 0-8000 you'll get 500 back.
i cant find a table/chart like this anywhere, does any one know where to find one??
2006-12-29 04:00:21 · 5 answers · asked by Laura333 2 in Business & Finance ➔ Taxes ➔ United States
At the link below you can find a Child Tax Credit Work Sheet to help figgure your credit amount. Read the directions and make sure you understand what is considered a dependent child...the laws changed last year (2005) that caught a lot of people off guard.
2006-12-29 04:06:51 · answer #1 · answered by ~Just A Girl~ 3 · 1⤊ 0⤋
The child tax credit is a completely separate thing from the Earned Income Credit.
The EIC does depend on how many children you have: none, one, or two or more. You can find the table for the EIC in the instructions for 1040 (starts somewhere around page 45) or instructions for 1040A. These can be downloaded from irs.gov. The new one is out there for 2006 returns.
2006-12-29 04:09:22 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
the youngster Tax credit in basic terms reduces your tax criminal duty, presently through $a million,000 consistent with baby who's below age 17 as of the tip of the 300 and sixty 5 days. If ranges out on a joint return as quickly as your earnings hits $one hundred ten,000. it could in basic terms decrease your tax criminal duty to $0, even regardless of the indisputable fact that any unused CTC may well be recovered with the refundable further baby Tax credit. it is 15% of your earned earnings above $3,000, as much as $a million,000 consistent with baby below age 17 as of the tip of the 300 and sixty 5 days, decreased through any CTC that replaced into used. The EIC is a refundable credit, meaning that unused credit may well be refunded to you. it particularly is predicated upon your earned earnings mostly yet unearned earnings would decrease or get rid of it fullyyt. See IRS Pub 596 for a complete communicate of the complicated rules and calculations. that's a federal credit so the guidelines are uniform national. in case you're eligible you may declare all 3. CA would have the same credit to the EIC. See the FTB internet site for extra tips.
2016-12-15 10:37:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Below is link to the IRS. It is the instructions for form 1040. You will need adobe to view it. Pages 53 to 59 have the tables for Earned Income Credit. Hope this helps.
2006-12-29 04:06:21 · answer #4 · answered by D.M. C 2 · 1⤊ 0⤋
Earned Income Credit and Child Tax Credit are two separate credits. Both can be a refundable credit if income guidlines are met. The information you need is at www.irs.gov
2006-12-29 04:08:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋