If my yearly earnings were only $7500, and I have 3 children, will I qualify for the earned income credit?

Question

And isn't it so much per child, also I only work part time so no fed taxes were taken out, will I still get a refund?

Answer 1

Well if no taxes were taken out, I would question my employer as to why!!! Anyways, yes you would qualify if your children are qualified. There are rules that they must meet in order for you to qualify. Go to the irs website to read them. www.irs.gov Earned income credit is not so much per child but the child tax credit is. If I'm not mistaken it is $1000.00 per child with limitations. Good Luck

Answer 2

With that income you would not owe any taxes anyway, aside from the credits, so that's why nothing was taken out. Strictly speaking, a "refund" means you get back money that was taken out, and nothing was.

But yes, you should be eligible for the EIC, so you'll get money there. You won't get the child tax credit because that only subtracts from taxes and you don't owe any. But there's something called the "additional child tax credit" which gives money to some of the people who have kids but can't get the child tax credit. You should qualify for that, so be sure to check into it when you do your taxes or have them done.

You also qualify to have your taxes done at no charge by staffers at the VITA or TCE programs. Check irs.gov for more information on these. There are many sites for these, and should be one near where you live.

Answer 3

I got it when my child was in college. I'm divorce, limited income and I received it. It wasn't much but at least in TX. while the child is a student and 23 is the cut off age. This was 4 years ago so the law may have changed♥

Answer 4

Depends if this is your only income if you have a husband in the house that contributes then you have to add his in also. The credit is based on how many children you have with what income, it is not based on how much federal tax you paid in. Try using this resource to figure out if you can take the credit
http://apps.irs.gov/app/eitc2006/ShowQualifyingChildTips.do

Answer 5

Yes, you will. How do you survive on that a year with 3 children.

Answer 6

yes you should. the earned income credit for each child should help with that return

Answer 7

Yes.

Answer 8

yes

Answer 9

You don't get a refund if you don't pay in taxes. Refunds are just that - a refund of the amount you have overpaid. If you haven't paid, you can't get a refund.

The EIC will likely keep you from having to pay any taxes in.
http://www.irs.gov/individuals/article/0,,id=96406,00.html

Answer 10

Yes, I would certainly thing so.