Saturday, October 24, 2009

Is the Earned Income Tax Credit(EIC)separate from regular tax filling?

Well I already sent my 2008 1040 form for tax purposes and I specting to get $5900.00 reimbursement.


But someone told me about claiming the EIC reimbursement too


since I have 4 qualifing children ,,,,Should I need to fill in separate or it is already on my actual reimbursement?


if someone knows please help me .

Is the Earned Income Tax Credit(EIC)separate from regular tax filling?
What was your income? I would be happy to look it over for you but without knowing your income, marital status and federal withholding I would be unable to say. I'll check back to see if you'e added anything to your post. You can qualify for the EIC on two children and the additonal child tax credit for the other two.
Reply:With a reimbursement that high I think your income is likely much to high to qualify. If you do qualify then you need to send in an amended return.
Reply:You can file a 1099X for 2007 to get the EIC if you qualify. Do the paperwork and see if you qualify.
Reply:EIC is *part* of your tax return. To claim it with children, you were to attach a schedule EIC.





If your refund is $5900, I truly believe that if you are eligible, it's in there....





Your income would have to be less than $36K.
Reply:It depends on how much you made in 2007 I also have 4 children and my refund was $7600. It also depends on you fed withholding. Look on your tax return and see what it says on the line for EIC if it says 0 and you are entitled to it you can file a 1040x amended form and get the rest of your money.
Reply:It is part of deductions and credits on your federal tax return. Your state return should also have some sort of earned income credit, too.
Reply:Only two children quality for EIC. So you have apparently gotten the maximum based on income and withholding.


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