2007-01-21 01:57:17 · 5 answers · asked by JoAnn M 1 in Education & Reference ➔ Financial Aid
EIC is what u get for working ONLY..income only.. Supporting a child has nothing to do with the EIC credit. Sorry.
2007-01-21 15:03:15 · answer #1 · answered by chilover 7 · 0⤊ 0⤋
Just so you know even if you receive child support you cannot claim it on your taxes. And any monies given to you up to I think it's 5 or 10 thousand dollars a year is considered a gift and you can't claim those monies either. However if you receive alimony you do have to pay taxes on that. But from what I understand if you have no income then someone else is supporting your child. Which if you lived with that person more than 6 months out of the year then you might be able to let them claim the child. Call H&R block they are all over the place and can answer your questions.
2007-01-21 07:13:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
"You don't work", which I assume means you live with your parents or somewhere else for free, and you must receive child support or gifts, or something to pay for food etc?
Earned Income credit is just that. You must of worked and earned some income to qualify for Earned Income. It was created to give people an incentive to work so the government would give them a kickback as a reward. Bottom line, save the government welfare payments. Hope this helps...
2007-01-21 07:00:00 · answer #3 · answered by Lance 3 · 0⤊ 0⤋
For this year, I recommend filling out a new W4 form because there is an option to receive it as payments throughout the year. However, you can still receive it for the 2006 tax year as long as a person has earned below on adjusted gross income (AGI) $32,001 for filing as a single person or $34,001 if filing jointly if they have one child. For the year 2006, the maximum given for one child is $2,747 with one qualifying child.
2007-01-21 03:20:56 · answer #4 · answered by dawncs 7 · 0⤊ 0⤋
well casper ask nicky u still can i think
2007-01-21 03:14:39 · answer #5 · answered by necy 1 · 0⤊ 0⤋