Earned Income Credit 2012
65Do You Qualify For The Earned Income Tax Credit?
If you are a low income working family or individual, you may qualify for the earned income credit, even if you don't make enough money to pay taxes.
The government may reduce your tax obligation or even pay you money if you qualify for the Earned Income Credit. If you made less than a certain amount of money in a given year, you can claim the earned income tax credit.
If you have children you may qualify for even more. Even if you don't make enough to file a tax return, you may still qualify for the earned income tax credit and get a refund.
You may qualify for up to $5,666
- If you are single and earned less than $13,400
- Single with one child and earned less than $35,450 single with 2 or more children and earned less than $40,250
- Married and earned less than $18,400 married with one child and earned less than $40,450 married with 2 or more children and earned less than $45,250
Earned Income Credit Qualifications
To qualify and claim the earned income credit you will need a social security number. If you are married you must file jointly. If you have children, they need to qualify as well. The children need to be under 19 years old or if they are students, under 24. Children with permanent disability may be any age. Foster children and children that you have been financially responsible for may also qualify. The earned income credit is designed to help you financially. I think you should check this out, don't you?
You can use the free tax calculator provided by TurboTax Online to estimate your earned income credit amount.
Earned Income Credit Video
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what if i worked only 3 days this year can will i still be able to get my child tax credit?
only if your child is still in school will you be able to claim the eitc for them up until they turn 25
I was told Obama approved a tax deduction for 2011 for a new A/C unit....is this true??
If you are receiving unemployment and havent had any taxes withheld then you wont get a refund at all whether you have kids or not because you dont have any earned income. Unemployment is not considered EARNED and you could have gotten back just a refund of whatever taxes were taken out if you would have allowed taxes to be taken from your unemployment checks but you havent put anything in so you dont get anything out. Hope this helps.
I have received ui benefits since march but did collect severance pay from a job for the month of January. Will I qualify for eic?
I have been on unemployment since feb od 2010, I receive per capita disbursements from my tribe of $277 approx per month that I pay state only taxes for, do I qualify for EIC?
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27-07-2010
My husband has a job and has earned income and I am on unemployment. When taxact figured my earn income credit it used my adjusted gross income which has my unemployment in it. But I have heard that unemployment does not count. So if that is the case then why did it still count towards our total?
I was wondering if i will get any earned income credit... my son is 22 yrs old and disabled, i made almost 40,000 this year i was wondering will i get anything for supporting him as far as an exemption or something?
I just read,"
Earned Income Credit Qualifications
To qualify you need to have earned money and have a social security number. If you are married you must file jointly. If you have children, they need to qualify as well. The children need to be under 19 years old or if they are students, under 24. Children with permanent disability may be any age. Foster children and children that you have been financially responsible for may also qualify
I RECENTLY HEARD THAT CHILDEN 17 YRS OLD NO LONGER QUALIFY FOR THE EIC..TRUE OR NOT
Jen,
You are correct. As of Jan 1st 2011, the EIC tax rebate will no longer appear on your Paycheck. Employers have been notified and the only way to receive the EIC is through your taxes at year end in 2011. Honestly, they have found out that a lot of individuals have claimed this Paycheck deduction that do not qualify for it.
Thus, they have determined that it is far better to phase this form out. I am not sure weather they are trying to phase out the EIC completely. Time will tell!
Cluense
I have had money added back to each paycheck using a special form for the EIC. My employer is now telling me that it is no longer available to do it this way is this true?
If you are collecting unemployment and not working you do not qualify for an EIC. It is an earned income credit. Unemployment is not earned income bottomeline. The good thing is it isn't include in the total so if you did earn some wages then you Unemployment won't put you over the phase out
people make 40,000 or less one dependent qualify for EITC more information @ www.irs.com
What does this phrase mean" the Temporary increases in the Earned Income Tax Credit for filers with three or more children and the higher income levels for the phaseout of the credit are repealed".Would people making more than $80000 qualify for EIC or not??
are we going to get the stimulas package like we did in 2008
i've also been collecting ui benefits since october , and i have read that when u file your initial claim that you can opt to have them take 10% out of your weekly UI benefits, I declined.
I have been on unemployment since feb 09 and had taxes taken out will this increase my EIC or keep it the same?
I have 2 dependants
i have been on unemployment for this whole year with no taxes taken out of my unemployment benefits, i was wondering if i would get any money back or qaulify for earned income credit having two kids.im not working at this time im still drawing unemployment too.
minnie 5 months ago
Will people stll be able to recieve the eic credit for 2011