2006-12-31 06:33:40 · 5 answers · asked by emeraldandtopaz 1 in Business & Finance ➔ Taxes ➔ United States
If your child is living with your father and your father had adjusted gross income less than about $36,000 for 2006 then it may be possible for him to claim the EIC for the grandchild.
If the child is a qualifying child for you for the EIC, then you have priority in claiming the credit. You would need earned income under about $36,000 as well, and live with the child.
2006-12-31 07:08:19 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
If you're talking about his 2006 return that he'll be filing in the next few months, then his 2005 income would not affect that.
But $50K income for a given year is too high to get EIC for that year.
2006-12-31 06:36:36 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
NO, he has earned too much money and might have to pay instead of receiving money. Earned income credit is usually for people of low income.
2006-12-31 06:37:42 · answer #3 · answered by cubanaflavor2003 1 · 0⤊ 0⤋
i think that for the earned income credit you need to make below a certain amount. go get one of those tax books from the post office. it will tell you everything you need to know.
2006-12-31 06:36:39 · answer #4 · answered by anonymous 6 · 0⤊ 0⤋
No. He earns too much.
Here's a link to the IRS website with info on the EIC: http://www.irs.gov/individuals/article/0,,id=130102,00.html
2006-12-31 08:09:23 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋