I'm trying to figure out why I'm not qualifying for earned income credit. I'm filing my taxes with HR block efile. I made $34, 148 and claim 2 kids. I made under $36K and have 2 dependents. Why don't I qualify?
2007-01-17 03:42:30 · 5 answers · asked by ? 3 in Business & Finance ➔ Taxes ➔ United States
If your filing status if Married Filing Separately, then you are not qualified form EIC?
If you have more than $2700 in interest, investment and other unearned income, then you can't get EIC.
Otherwise, it seems that you are eligible.
Best wishes.
2007-01-17 05:05:38 · answer #1 · answered by JQT 6 · 1⤊ 0⤋
EIC Eligibility Checklist for Tax Year 2006
You may claim the Earned Income Credit (EIC) if you meet the following requirements:
You, your spouse (if you are filing jointly), and your qualifying child listed on Schedule EIC must each have a valid social security number.
Your filing status must be 'married filing jointly', 'head of household', 'qualifying widow(er)' or 'single' on your tax return. Your filing status cannot be 'married filing separately'.
You cannot file IRS Form 2555 or IRS Form 2555-EZ (the Foreign Earned Income Exclusion IRS Forms). In other words, you cannot exclude foreign income and still qualify for the Earned Income Tax Credit.
You must be a U.S. citizen or resident alien for the entire year of 2006. If you are a nonresident alien, you must be married to a U.S. citizen or resident alien, and your filing status must be 'married filing jointly'.
Your investment income (such as interest and dividends) must be $2,700 or less.
Your total earned income and modified adjusted gross income (AGI) must be at least $1 but less than:
$11,750 ($13,750 if married filing jointly) if you do not have a qualifying child,
$31,030 ($33,030 if married filing jointly) if you have one qualifying child, or
$35,236 ($37,263 if married filing jointly) if you have more than one qualifying child.
You or your spouse cannot be the qualifying child of another person and still claim the Earned Income Tax Credit.
If you have one or more qualifying children, each child must meet the relationship, age, and residency tests. Click here for the details.
If you do not have one or more qualifying children, you (or your spouse if filing a joint return) must be at least age 25 but under age 65 at the end of 2005. Also, you (and your spouse if filing a joint return) cannot be the dependent of another person, and your main home must have been in the U.S. for more than half the year.
2007-01-17 03:52:31 · answer #2 · answered by Dan G 3 · 0⤊ 0⤋
Good question. Are you by any chance filing as married filing separately? You would not be eligible for EIC if you are. If you're still legally married but didn't live with your spouse at any time during the last half of the tax year, then you could file as head of household and still get EIC. If he stayed over even one night July-Dec, then you would have to file as married filing separately and couldn't get EIC.
2007-01-17 05:27:48 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
In order to qualify for EIC, you need to have earned income and need to file a joint return...I just filed through expresstaxrefund.com where the site automatically calculated my return and gave me the EIC
2007-01-18 06:41:00 · answer #4 · answered by mark 1 · 0⤊ 0⤋
What's your filing status?
2007-01-17 03:53:19 · answer #5 · answered by Wayne Z 7 · 0⤊ 0⤋