Monthly Archives: February 2016
The Earned Income Tax Credit requires that you aren’t a dependent of another person if you wish to claim it. Single filers meet this test if box 6a on a Form 1040 or 1040A is checked, or if you don’t check the box listed as “You” on line 5 of a Form 1040EZ, and you […]
— Read moreThe Earned Income Tax Credit is available to taxpayers who are between the ages of 25 and 64. Only one person in a married couple who files jointly is required to meet the age test, but it doesn’t matter which spouse. If neither you, (or your spouse if married) are between the age of 25 […]
— Read moreYou cannot be a qualifying child of another taxpayer if you want to claim the Earned Income Tax Credit on your own tax return. A qualifying child is one who meets all of the following requirements: Is a son, daughter, stepchild, foster child, or a descendant of any of them Is a brother, sister, half-brother, […]
— Read moreA big part of the Earned Income Tax Credit relates to how many qualifying children, if any, you have. In some cases, a qualifying child may meet the requirements to be claimed by more than one person. If this occurs, only one taxpayer can claim the child. That means that in order to claim the […]
— Read moreOnce you’ve met the first seven rules to qualify for the Earned Income Tax Credit, there a few more you’ll have to be aware of and use to determine your eligibility. A large part of the EITC relates to whether or not you have a qualifying child. There are four requirements that your child must […]
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