Earned Income Tax Credit: Do I Qualify?

Earned income is defined by the United States Internal Revenue Code as income received through personal effort, [17] with the following as the main sources: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations. Get every deduction you deserve TurboTax Deluxe searches more than tax deductions and credits so you get your maximum refund, guaranteed. View Your Account.

What Is the Earned Income Tax Credit (EITC) – Requirements & Eligibility

Quicken import not available for TurboTax Business. The rule applies to all tax returns claiming the EITC. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This page was last edited on 13 February , at This page is designated as historical and is no longer updated. However, individuals who only receive Social Security, welfare, or pensions or otherwise live off their investments are not eligible for the EITC.

Earned Income Credit

To qualify, the child must be: Sign in to your account Account Login Username. In the case of a married couple filing jointly, if one spouse is related to the child by any of the below relationships, both spouses are considered related to the child. At Money Crashers, we Special discount offers may not be valid for mobile in-app purchases.

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Recent Stories. Prices subject to change without notice. You might have to wait a little while for your EITC refund, even if a portion of your expected refund is for taxes you overpaid during the year. Cochrane Database of Systematic Reviews, 8: Taxpayers must also meet a few rules to be eligible to claim the EITC: Most other types of income, such as retirement pensions and unemployment benefits, do not count as earned income.

Does my child qualify?

What Is Earned Income Tax Credit (EITC) - Requirements & Eligibility

This form only gathers feedback about the website. Retrieved from " https: Any refund you receive because of the EITC generally will not be considered income when determining whether you are eligible for, or how much you can receive from, the following benefit programs:. Age test: