I just started a new job last week i get paid bi-weekly. i havent worked all year long until now. does anyone know if i will be able to claim earned income credit, i have two dependants ( 3 year old and a 3 month old) and i file head of household. I was told i would only get the refund of however much they took out of my paycheck for the year but now the earned income for both of my kids. No tax offices are open right now so i cant ask them yet.
2007-10-22 05:38:49 · 3 answers · asked by jordynorr100 1 in Business & Finance ➔ Taxes ➔ United States
i was told i didnt work long enugh
2007-10-22 05:39:34 · update #1
Having a dependent and earned income is only part of the requirements for receiving the Earned Income Credit. However it is possible for a person working only two or three months to claim the EIC.
Your child (or children) have to live with you for more than half the year, for example. The person you spoke with may or may not know all the requirements. You can go through the EIC Assistant on the following link. If you answer the questions the Assistant will tell you if you qualify for EIC.
http://www.irs.gov/individuals/article/0,,id=130102,00.html
2007-10-22 09:24:46 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Whoever told you that you didn't work long enough to get EIC is wrong. There aren't requirements for how long you work, but just that you have earned income that's not over the limit.
Unless you are really making a fortune, you shouldn't owe any taxes for this year since you won't be working very long and have the two kids, so should get back anything they withhold for federal income tax. Your EIC depends among other things on your earned income for the year, so it won't be as large this year as it might be next year if you work all year, but you should still get something - maybe $1000 or more if you make $2500 or more for the year.
Good luck.
2007-10-22 12:52:14 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
I agree with Judy. It's not how long you work, it's how much you make while your working.
Since you haven't worked that long, you should get back all of the federal taxes you paid in and the EIC.
If you can 'guess-timate' your income for the rest of the year, you can go to H & R Block's 2007 Tax Estimator Calculator to figure your possible refund. Or you can use the IRS' EIC Eligiblity Tool to see if you qualify.
2007-10-22 15:20:27 · answer #3 · answered by Celeste 6 · 0⤊ 0⤋