this year. I know he know's what he's doing. How was he able to file this for me?
2007-03-31 09:46:10 · 6 answers · asked by tess 1 in Business & Finance ➔ Taxes ➔ United States
The earned income credit (EIC) can be obtained without having a child. If you are at least 25 and under 65, and your earned income is less than $12,120 ($14, 120 for married filing joint), you may be eligible for the EIC. There's a good calculator on the IRS website http://www.irs.gov. For your keyword search, type in "earned income credit" and read the instructions from there.
2007-03-31 09:52:02 · answer #1 · answered by SuzeY 5 · 2⤊ 0⤋
EIC can be available to people without a qualifying child if their income is low enough. For 2006, income must be under $12,120 ($14,120 if filing jointly) and the person claiming it must be between the ages of 25 and 64.
2007-03-31 18:49:15 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
He was able to do this because if you make under a certain amount you are elgible for the EIC. Even if you dont have children.
2007-03-31 21:02:24 · answer #3 · answered by lizzy_one 2 · 0⤊ 0⤋
If you were at least 25 and your income was within the threshold for the EIC that year, you may have qualified for it then
2007-03-31 16:51:12 · answer #4 · answered by Rob 7 · 2⤊ 0⤋
Here's the skinny, direct from the IRS, take the credit.
2007-03-31 17:00:39 · answer #5 · answered by Scott K 7 · 0⤊ 0⤋
Don't worry about it at this time. If IRS hasn't audited you, they probably won't.
2007-03-31 16:49:33 · answer #6 · answered by Jan C 7 · 0⤊ 3⤋