As a waitress only made 9000 for the year with the earned income credit and 2 kids to claim will they refund me more than I paid in federal taxes.
2007-01-10 13:56:21 · 6 answers · asked by juddjason2003 1 in Business & Finance ➔ Taxes ➔ United States
No. The best you can hope for is to have zero tax liability in which case you'll be refunded all the money you paid in.
2007-01-10 13:59:52 · answer #1 · answered by ? 3 · 0⤊ 4⤋
The earned income credit is a refundable credit, so that means you could get back more than what you put in. The child tax credit is ONLY a refundable credit if you have 3 or more children that qualifies for the child tax credit.
2007-01-11 06:13:18 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
Both the Earned Income Credit and Retirement Contributions credit (for low income contributors) can actually give you a larger tax refund than everything you paid in.
So yes you can get much more back.
2007-01-10 14:24:24 · answer #3 · answered by NICHOLAS M 2 · 0⤊ 0⤋
Most likely you will get everything back that you paid in, plus some. The EIC, and possibly the additional child tax credit, should give you some extra.
2007-01-10 14:23:44 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Yes, if you qualify for EIC and additional child tax credit you could potentially get back more than you paid.
2007-01-10 15:34:19 · answer #5 · answered by Smart1 3 · 0⤊ 0⤋
Yes, with EIC, you can get back more than you paid in.
2007-01-10 14:05:47 · answer #6 · answered by Wayne Z 7 · 0⤊ 0⤋