i would file head of house
2007-08-05 12:53:22 · 5 answers · asked by PAM d 2 in Business & Finance ➔ Taxes ➔ United States
yes, you can get earned income credit, child tax credit (if kids are under 17), and dependent/child care credit (for kids under 13).
2007-08-05 12:57:43 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You are still eligible for the Earned Income Credit if you are an independent contractor.
The Earned Income Credit will be figured on your net income from self-employment.
It would be wise to have someone do your return who has experience with this. If you take incorrect deductions, you may end up hurting yourself and getting less of a refund that you can get.
Keep good records of your expenses.
2007-08-07 10:25:46 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
Yes, any credits that would be available to you if you'd been an employee will still be available as an independent contractor.
If your kids live with you and you provide over half of the cost of maintaining the household for the year, and you are single, you can most likely file as head of household.
2007-08-05 20:53:11 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
I would recommend you speak with a certified public accountant or just contact the Internal Revenue Service for clarity.
2007-08-05 20:02:09 · answer #4 · answered by DeepThinker7...Last Black Renaissance Man 2 · 0⤊ 1⤋
yes but you have to pay in also nothing differant
2007-08-05 19:57:25 · answer #5 · answered by infoman89032 6 · 0⤊ 1⤋