last year my son was able to claim eic and this year he seems to meet all the requirements but i do turbo tax and its not giving it to him, and i can not figure it out!!!!
2007-01-25 23:37:30 · 5 answers · asked by miss mary 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Lets see...Investment income (including rent received)? That has to be less than $2,700. Have you answered all the questions correctly? Check your input. Some questions can be very badly worded and you check No when it should be Yes. Make sure he hasn't exceeded the income limits.
Other than that, I can offer no solutions. Maybe a trip to H & R Block woould be in order. Less than $150 for a review might well be worth it.
2007-01-25 23:44:31 · answer #1 · answered by skip 6 · 0⤊ 0⤋
FROM THE IRS WEBSITE:
Must have a valid Social Security Number
You must have earned income from employment or from self-employment.
Your filing status cannot be married, filing separately.
You must be a U.S. citizen or resident alien all year, or a nonresident alien married to a U.S. citizen or resident alien and filing a joint return.
You cannot be a qualifying child of another person.
If you do not have a qualifying child, you must:
be age 25 but under 65 at the end of the year,
live in the United States for more than half the year, and
not qualify as a dependent of another person
Cannot file Form 2555 or 2555-EZ (related to foreign earn income)
EITC Thresholds and Tax Law Updates
Special rules may apply
ALSO:
Earned Income Levels Apply, phase out depends upon filing status and number of cliamed dependents. You can view the credit schedule here....
http://www.irs.gov/pub/irs-utl/eic_table.pdf
2007-01-26 00:39:18 · answer #2 · answered by James B 1 · 0⤊ 0⤋
It relies upon on how lots you made in 2007 I even have 4 toddlers and my refund became $7600. It additionally relies upon on you fed withholding. look on your tax return and spot what it says on the line for EIC if it says 0 and you're entitled to it you may report a 1040x amended type and get something of you cash.
2016-11-01 08:19:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If i were you I would go to a professional who knows about taxes so you will get all your money!!!
2007-01-25 23:51:59 · answer #4 · answered by brownsugar 4 · 0⤊ 0⤋
A little more info please - his age, filing status, number of dependent children if any, AGI, sources of income and the amount of each
Is he by any chance filing as married filing separately? He wouldn't be eligible if that's his filing status.
2007-01-26 04:47:10 · answer #5 · answered by Judy 7 · 0⤊ 1⤋