Saturday, October 24, 2009

How do you qualify for a earned income tax credit?

My neighbor mother gives her a sum of money, then she reports it as income, with herself and her child then the IRS sends her a refund of several thousands dollars

How do you qualify for a earned income tax credit?
CAN YOU SAY JAIL TIME?
Reply:EIC is based on your income.. if you make less than a certain amount you get a set amount of money for each child.
Reply:To Qualify depends on several factors.


You must have a valiod social security number


You must have made some sort of income


and you must be a us citizen or legal resident.





The rest depends on how much you make and if you have kids or not.





Here is the site to help you determine if you qualify


http://apps.irs.gov/app/eitc2006/ShowEli...
Reply:You must be over 25 and make under a certain amount of money doesn't matter if its from a job or family. As long as you do not make over that amount then you qualify for EIC .
Reply:Earned Income tax credit is rewarded to people who do not have job skills, refuse to learn, stay at entry level work and get the money the rest of us pay. Because it is the fair thing to do.


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