2007-02-02 04:17:16 · 7 answers · asked by christopher p 1 in Business & Finance ➔ Personal Finance
No, because your earned income is over the limit. But you may be eligible for the child tax credits.
It's based on your adjusted gross income.
2007-02-02 04:30:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Try the calculator located on the IRS site irs.gov
Just because you grossed 43,000 this may not be your earned income, that can change if you were in a retirement plan, had a 401K Roth IRA etc. If you had life insurance.
Try one of the free sites that give you free e-filing and tax preparation also found on the IRS site. They will give you a quick way to look at what you are getting back, it took me 20 minutes to fill mine out and e-file. Good Luck
2007-02-02 12:20:00 · answer #2 · answered by mudd_grip 4 · 0⤊ 0⤋
Current Tax Year 2006
Earned income and adjusted gross income (AGI) must each be less than:
$36,348 ($38,348 married filing jointly) with two or more qualifying children.
You will have to see if your AGI is under the threshold after it is calculated. Without knowing all of your information, my best guess would be that you probably won't qualify. The personal and dependent exemptions come after calculating AGI on the 1040. Sorry.
2007-02-02 12:25:29 · answer #3 · answered by bill s 1 · 0⤊ 0⤋
Why not just go to IRS.gov? All the tables are there. I'm sure it will be affected by your deductions as to your taxable net. 43K? You might be out of luck. EIC is for quite low income people.
2007-02-02 12:20:47 · answer #4 · answered by zp055att 6 · 1⤊ 0⤋
yes, your children qualify you. Lucky!!
2007-02-02 12:20:31 · answer #5 · answered by lezlealynn 2 · 0⤊ 0⤋
most likely, just look at the chart
2007-02-02 12:20:15 · answer #6 · answered by i_m_the_1_u_luv 3 · 0⤊ 0⤋
I think you will....but just to be sure do some research.
2007-02-02 12:20:37 · answer #7 · answered by Eraser 1 · 0⤊ 0⤋