2007-01-01 09:09:21 · 2 answers · asked by JADA B 2 in Business & Finance ➔ Taxes ➔ United States
Go to irs.gov
An explanation of what it is and the rules to claim it are there.
2007-01-01 09:29:42 · answer #1 · answered by Ta Dah! 6 · 0⤊ 1⤋
If you make only a dollar, you can qualify, but your payment will be small. At the top end, cutoff is $36,348 (38,358 if married filing joint) if you have two qualifying children, $32,000 if you have one (34,000 if married filing joint). With no qualifying children, you can make up to $12,120 if you're single or head of household, 14,120 if you are married filing a joint return.
You can't claim the EIC if you are married filing separately. If you're under 25, you can't claim it unless you have at least one qualifying child. And if you don't have a qualifying child, you must be between the ages of 25 and 65.
2007-01-01 17:27:53 · answer #2 · answered by Judy 7 · 1⤊ 0⤋