The exemptions you make on your w4 only make a difference in the amount of money your employer withholds from your paycheck for you. The only place it's going to matter is when you actually sit down and file your taxes. If you haven't been claiming your child as a dependent on your W4 then your tax return will be larger because they have been withholding too much tax throughout the year. Enjoy the money!
2007-01-27 12:13:38
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answer #1
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answered by AriesJWR 4
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No, the W-4 has nothing to do with qualifying for the Earned Income Credit. You will answer some questions on the tax return that establish that your child qualifies, and then you will get the credit based on your income.
2007-01-27 12:11:49
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answer #2
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answered by ninasgramma 7
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No the w4 has to do with how much to take out of your paycheck for taxes- this is your allowances that you are claiming. go to irs.gov you must have a qualifying child and have a certain income to qualify for the EIC but the number of allowances you put on the w4 has nothing to do with the EIC - again irs.gov
2007-01-27 12:14:17
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answer #3
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answered by ness 1
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you do no longer qualify for the Earned earnings credit, or to document as Head of kin. although, you have greater than a number of dependents to function to your return. in the experience that your lady pal earned below $3,500 in 2008 and lived with you all 365 days, and your courting does not violate interior sight regulation, and you presented over a million/2 of her finished help during the 365 days, you are able to declare her as your based. in the experience that your lady pal's daughter earned below $3,500 in 2008 and lived with you all 365 days, and you presented over a million/2 of her finished help during the 365 days, you are able to declare her as your based. She does not qualify you for the baby Tax credit.
2016-12-16 15:08:14
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answer #4
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answered by spadafora 4
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the IRS has no idea what is on your W-4. Your employer uses the W-4 to determine how much to withhold, by the IRS never sees it.
2007-01-27 14:00:15
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answer #5
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answered by STEVEN F 7
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No.
2007-01-27 12:11:50
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answer #6
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answered by Take Responsibility 2
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