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5 answers

Not unless you have several dependants...

2007-10-30 05:35:03 · answer #1 · answered by It's a girl due 5/11/09 4 · 0 1

You would need to complete a 1040 (or 1040-A) to come up with the answers. Go to the IRS, get an old form, and fill it out. They do have a website, but you won't get much out of it this time of year.
E.g., if you claim a regular IRA deduction, that will affect your Earned Income Credit. But, if you take a ROTH IRA deduction, it will have no effect on your Earned Income Credit.
It not only matters HOW MUCH your income is, but also HOW YOU EARNED that income (that is, whether from wages/salary or from investments [including U.S. Savings Bonds, savings accounts, some stock your uncle sent to you, etc.])
In other words, if you want an answer, you would need to provide a great deal more information, including, of course, marital status, your age (under 25 not eligible), number of dependents, etc., etc.

2007-10-30 06:10:23 · answer #2 · answered by Nothingusefullearnedinschool 7 · 0 0

It depends. If you have at least one eligible qualifying child, then you can probably qualify - otherwise no if your income is over $12,120. The amount of the credit depends on your filing status, number of eligible children, and your income. If you made $30,000, have one eligible child, and your filing status was single or head of household, your credit would be $316

2007-10-30 05:56:59 · answer #3 · answered by Judy 7 · 1 0

Only if you have 2 dependents. EIC is phased out at about $36000 so even if you do have the dependents, you won't get much.

Go here to find out if you qualify and how much you will get.
http://www.irs.gov/individuals/article/0,,id=96406,00.html

2007-10-30 05:38:05 · answer #4 · answered by Gypsy Girl 7 · 0 1

I am pretty sure. My bf made a little under that and we got back about $3500. On the other hand my friend got back almost $5000. So I am not sure, but most likely somewhere in there. It all depends on other deductions and such.

2007-10-30 05:36:18 · answer #5 · answered by Sadbrowneyes13 4 · 0 2

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