B1 Intermediate 6 Folder Collection
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The Earned Income Tax Credit is one type of credit that can increase your refund or reduce
the amount of taxes you owe.
It's for working people with low to moderate income that meet certain qualifications.
To get the Earned Income Tax Credit, both your earned income and adjusted gross income
can't exceed a certain amount, depending on the number of children you claim and your
filing status.
You must also, have earned income, be a U.S. citizen or resident alien, have a valid Social
Security number for everyone on your return, have less than a certain amount of investment
income, not file your return as married filing separately, and not file a Form 2555 or 2555-EZ.
If you aren't claiming any children, there are a few more rules.
You or your jointly filing spouse must be between 25 and 65 years old, and you can't
be claimed as a child or dependent on anyone else's return.
It's a lot of stipulations for one credit, but luckily TurboTax will do all the calculations
for you.
After you tell us about yourself and enter your income, we'll determine if you qualify
and how much credit you'll receive.
For more answers to your questions, visit turbotax.com/support
    You must  Log in  to get the function.
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What is the Earned Income Tax Credit (EITC)? - TurboTax Support Video

6 Folder Collection
林宜悉 published on February 26, 2020
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