We only rent an apartment. We live in Spring hill, FL. We have 2 boys.
2007-01-25 03:58:46 · 9 answers · asked by Bill 1 in Business & Finance ➔ Renting & Real Estate
Hi neighbor, I'm in Citrus County! You went over the limit. Don't qualify for EIC. It sucks because the more you make, the more the government takes. I made 34,000 and filed head of household with 2 kids and my EIC was only $38 dollars. ($36,000 is the upper end for filing single, head of household.)
2007-01-25 04:03:52 · answer #1 · answered by ? 3 · 1⤊ 0⤋
Have you done your taxes yet. With the 4 exemptions that you get for the 4 of you, it seems like you are there--4 X $3,300 = $13,200 and the standard deduction, if you don't have anything to itemize or what you itemize isn't this amount, is $10,300. Sooo, check my math, but that's like $13,600 off the $40,500. You can file electronically for free. Go to www.IRS.gov. You'll need your w-2s. Hope this helps. I'm not a CPA, so this might not be right, but go for it.
Sorry, guess your gross income is over the limit. Just get your taxes done ASAP and see waht happens.
2007-01-25 04:16:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Use Turbo Tax online (or a similar tool) and answer truthfully. It will let you know whether you qualify for the EIC.
2007-01-25 04:02:47 · answer #3 · answered by MithrilHawk 4 · 0⤊ 0⤋
Have a proffesional due the taxes-that is the best way to get it done right and not get an audit. And yes-if a government based program gives a ceiling income of $30,000 and you made $30,005 they will declare you over income. It seems unfair but I see it all the time at work.
2007-01-25 04:04:46 · answer #4 · answered by VAgirl 5 · 0⤊ 1⤋
what my husband and i do is file seperately. i suggest that the one of you who made the least file as head of household and claim the kids. the other one can file married but filing jointly or as single. this way your incomes aren't combined and one of you can still qualify. the one who files as single may have to pay a little but it's worth it to get the EIC.
2007-01-25 04:07:42 · answer #5 · answered by I know, I know!!!! 6 · 0⤊ 1⤋
You can't.
If your income was the max amount, you'd only get a few bucks anyway -- not even enough to take the family to Mickey-D's.
Ignore the idiot advice to file separate returns. If you file separate returns you can't claim the EITC regardless of your income.
2007-01-25 04:03:40 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 1⤋
You can't. That's for people who are truly low income. Unless you look into filing seperaly and you each claim one kid. But only one of you will be able to file hoh.
2007-01-25 04:03:30 · answer #7 · answered by RIVER 6 · 0⤊ 2⤋
I guess you don't qualify then.
2007-01-25 04:01:11 · answer #8 · answered by spelling nazi 5 · 2⤊ 0⤋
i dont know dont make as much money next year
2007-01-25 04:03:19 · answer #9 · answered by Plastic Man 2 · 0⤊ 2⤋