Because you didn't give any other information, this answer comes with a lot of assumptions about your qualifications for the credit. I won't go into all of the rules, and I'll just give you a straight answer based on the assumption that 1) you DO meet all of the qualifications, 2) that the $624 is your ONLY income, 3)and that it IS earned (versus investment income, etc). If those are all true, earned income of $624 would give you the following EITC:
- $48 if you have no children
- $213 if you have one qualifying child
- $250 if you have two or more qualifying children
Again, those figures could be different depending on your unstated circumstances, but that's your barebones estimate. If you want a more accurate quote based on your other information (other income, filing status, etc), visit the first IRS link below and use the helpful EITC Assistant to figure your credit. Hope you can claim it! :-)
2007-02-07 02:42:20
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answer #1
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answered by Anonymous
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Depends upon your age if you have no children or the number of children if you do have children.
2007-02-06 22:46:09
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answer #2
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answered by Bostonian In MO 7
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