What is Earned Income Tax Credit? How do I know if I qualify?

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What is Earned Income Tax Credit? How do I know if I qualify?

2007-02-13 00:20:32 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit

2 answers

EIC is a credit for certain people who work. U may be able to take it if a child lived with u and u earned less than $36,348-if married filing jointly $38,348 or a child did not live with u and u earned less than $12,120 or married filing jointly $14,120.

2007-02-13 00:37:08 · answer #1 · answered by luminous 7 · 0⤊ 0⤋

You need to be the head of household and have at least ONE qualifying child to get Earned Income Credit... if you have a program like TurboTax then it will have "help" on the subject.. if you are doing the paper tax thing.. the booklet will have the qualifications someplace in it.

2007-02-13 08:29:07 · answer #2 · answered by ♥Tom♥ 6 · 0⤊ 1⤋