2007-04-16 09:25:38 · 5 answers · asked by Tasha R 1 in Business & Finance ➔ Taxes ➔ United States
I believe so, but a lot depends on how far above $30,000 you earn.
2007-04-16 11:23:09 · answer #1 · answered by Ola 4 · 0⤊ 0⤋
If by 3 exemptions you mean 3 kids then yes you should receive a small about of EIC.
If you mean you, your husband and one kid, then I believe that you are over the phase out amount for one child and will not receive any EIC.
2007-04-16 09:33:42 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋
It is possible to get EIC with income over $30K and one or two qualifying children. There are several other criteria that must also be met, which are asked in the forms and software.
One that hasn't been mentioned is that your investment income cannot be more than $2,800. The other rules are listed here
http://www.irs.gov/publications/p596/index.html
2007-04-16 23:17:32 · answer #3 · answered by ninasgramma 7 · 0⤊ 0⤋
If you and your husband have at least 1 qualifying child and made less than $34,001, you can receive the EIC.
If you have two or more qualifying children the EIC threshhold stops at $38,348.
Although, the closer you are to the income threshhold, the less EIC credit.
2007-04-16 10:43:07 · answer #4 · answered by Celeste 6 · 1⤊ 1⤋
Three exemptions - yours, your husband's, and one child - limit for EIC is slightly over $34,000. If you mean 3 eligible kids, then limit is $38,348.
2007-04-16 13:01:12 · answer #5 · answered by Judy 7 · 0⤊ 0⤋