CAN A 22 YEAR OLD CLAIM THE EARNED INCOME TAX IF CLAIMING A GRANDMOTHER ON HIS TAXES Asked by theo2727 1 month ago Similar questions: 22 YEAR CLAIM EARNED INCOME TAX CLAIMING GRANDMOTHER TAXES Business > Taxes.
Similar questions: 22 YEAR CLAIM EARNED INCOME TAX CLAIMING GRANDMOTHER TAXES.
The Earned Income Credit, also known as eic, is a tax credit that many low income people receive. It is quite a substantial tax credit that can help if you have a low income. The earned income tax credit reduces the amount of tax you owe, which may result in a tax refund which can add up to thousands of dollars.
If you do qualify, the eic credit could be worth up to $5,666. So it is worth checking to see if you qualify. You must be married and filing jointly, head of household, qualifying widow, or filing single.
You must have taxable income or earnings from self-employment. You, your spouse, and qualifying children must be US citizens. You, your spouse and qualifying children must have valid social security numbers.
You and your spouse must be at least 25 but not older than 65 at the end of the tax year. You must not be claimed as a dependent on anyone else’s return. If you do not have any qualifying children your income must be below $18,450 if married.
If you have one child your income must be below $40,450.00 if married. If you have two children then your income must be below $45,250.00 if married. You must reside in the United States for at least half of the tax year.
You cannot claim the earned income credit if you file using Forms 2555 or 2555-EZ. There are a number of different income levels you need to look at to determine if you qualify for the EIC. Here is an IRS link with more details.
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Can my boyfrind claim my son and me on 2008 taxes. I didn't work and we lived together all year.
How do I find out if I did my taxes last year.
My husband and I bought our first home September of 2007. Can we claim first time homeowner this year on our taxes?
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How do you claim it when you file your taxes? " "I am separated from my husband. I receive SSI, can my daughter claim me (her mom) and brother on her income taxes?
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Did you know that this new "tax rebate" will be money we have to claim on taxes. So essentially it's not really free.
I am separated from my husband. I receive SSI, can my daughter claim me (her mom) and brother on her income taxes?
A modest proposal: since the businessmen are claiming that having to pay income taxes impairs their ability to hire...
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