Can I get Earned Income Credit?

Question

I make maybe 15600 a year and I am a single mother and head of my household. Can I get a earned income tax credit?

How much would it be.

I think I qualify and my child does also.

Answer 1

It is great that you know about this credit, since so many that are eligible are leaving it unclaimed. Many people still don't know about this credit or they think that it will affect their public benefits (but it won't!). Make sure that you get the full benefit of this credit by staying far away from H & R Block or one of those other commercial places. The IRS has a program called VITA that does free tax preparation for households earning $40,000 or less. They can make sure that you get all your eligible credits, such as the Earned Income Tax Credit, the Child Tax Credit, the Dependent Care Credit, etc.

This is an absolutely FREE service. They can e-file and do direct deposit so that you can get your return back in 7-10 days. There is no need to get a refund anticipation loan, which is really nothing more than a high interest loan where you would be paying to borrow your own money. You have worked hard for your money and you should be able to keep it! To find a VITA free tax site near you, call the IRS at: 1-800-829-1040.

I work with the VITA sites in Nashville and know that it can make a huge difference for working families. www.unitedwaynashville.org/nwba.

Answer 2

EIC isn't welfare.... EIC is the government doing what society used to do. It used to be that a man with a wife and children was paid more, through promotion or more hours, because he had responsibilities that a single person just doesn't have. This made sense too because the man with responsibilities had more loyalty to the company and was an overall better worker. Today the opposite is true ... people who are more mature are NOT treated better... in fact the people who go out drinking with the managers get the promotions and the hours because the actual owners aren't the ones in charge any more. That's a problem for the government because society needs children and children are expensive... that's where EIC came in.

Answer 3

With an income of $15600 per year filing head of household, you will receive $2,462 for EIC and $1000 for additional child tax credit. For a total of $3462.00 in credits.
if you have additional questions visit www.crystalibarra.com
Crystal

Answer 4

Yes, you qualify if you didn't have interest income more than $2,700. You would get around $2,400 in just EIC if you are right about how much you made.

Answer 5

Probably. Here's a link:

http://www.irs.gov/publications/p596/ar01.html#d0e32

Answer 6

Yes, you qualify for EIC. Without all your information it would be difficult to suggest the exact amount, but it should be around $2400.

Best wishes.

Answer 7

Yes you can, if you qualify.

Go here...

http://www.irs.gov/individuals/article/0,,id=130102,00.html