2007-11-26 01:56:56 · 4 answers · asked by heavansangel52973 1 in Business & Finance ➔ Taxes ➔ United States
No, the earned income tax credit is based upon how much earned income (like wages) you have in addition to number of children. No earned income means no EITC.
2007-11-26 02:17:09 · answer #1 · answered by Knightly 2 · 2⤊ 0⤋
Earned Income Credit is based on the first word. "Earned" means earnings from a job.
2007-11-26 16:19:10 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
No. In order to qualify for the Earned Income Credit, you must have earned income. If you do not work, you have no earned income.
2007-11-26 10:05:51 · answer #3 · answered by acermill 7 · 2⤊ 0⤋
No, the Earned income credit is just that - money given to low-income people who work. Its purpose was to encourage people to work, it's not just money given out for free.
2007-11-26 10:26:24 · answer #4 · answered by Judy 7 · 1⤊ 0⤋