Wednesday, March 17, 2010

How many months a year does a single mom have to work to receive earned income credit on her tax return?

I know some one who worked about 4 months this year but had to quit due to health problems. I just need to know if she is able to receive earned income credit since she did pay taxes for 4 months this year.

How many months a year does a single mom have to work to receive earned income credit on her tax return?
Earned Income Credit (EIC) is not based on the number of months worked. To determine EIC you need to know the amount and type of income (earned or investment), filing status, and number of qualifying children if any.
Reply:You get an earned income credit for any amount of earned income ie wages. The credit goes up as the income goes up to about $16,000 in income and then the credit starts to go down until there is no credit at about $35,000.
Reply:doesn't matter how many months for the EIC - you just need to show earned income...





BUT, it's to your advantage to earn a certain amount (amounts given in the EIC tables by the IRS)... single w/ kids you're looking at about $5,000 for your income target to get the max out of the EIC (best guess)...


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