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| *The Commerce Journal>>>United States Taxes |
Would you qualify for earned income credit if you did not work that year? |
Would you qualify for earned income credit if you did not work that year? "Earned Income Credit" is based on wages. The word "earned" means wages received for work and services. So if you did not work, you will not get any Earned Income Credit. don't think so No, it's' called the EARNED income credit because that's what it's based on. NO YOU WOULDNT QUALIFY....BUT NOW SAY YOU WERE SELF EMPLOYED AND DEALT ONLY IN CASH....YOU MADE $17,000 OR SO AND WANTED TO FILE TAXES ON IT........THEY WOULD TAKE OUT SOCIAL SECURITY AND GIVE YOU THE REST OF YOUR EARNED INCOME CREDIT REBATE......YOU CAN CLAIM AS MANY KIDS AS YOU WANT BUT I THINK THE CREDIT IS ONLY GOOD FOR TWO OF THEM...................BUT WITH 2 KIDS AND 17K SHOWING...AFTER YOUR SOCIAL SECURITY YOU WHOULD GET AROUND $4,000 REFUND...... yes - i once collected $150 "earned income" for earning zero dollars. Isn't that ironic? |
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all that will automaticly be fixed when it goes to the IRS so don't worry if they owe you then they will get it to you but if you owe them they will want it asap hope this helps. ...You cannot legally file a tax return with just a paystub until after Feb 15th and then only if getting one is not possible (ie, the company does not exist anymore, owner died, etc). You can possib... Jackson Hewitt is unable to offer a loan without a W2 this year. The bank that was doing that for them has chosen not to do so this year. H&R Block is offering a line of credit that can be used... Actually, if he files the amount as self-employed on a schedule C or C-EZ, he doesn't need the EIN. So as long as you have all the numbers (from the checks that you wisely kept copies of) you... The simple answer to the question "why do people pay tax" is that willful failure to pay taxes according to the tax code will result in seizure of your back accounts, property, and maybe ... You would need to supply a lot more information. Such as your income, deductions, exemptions, whether or not you claim the child care credit, etc. It could be anywhere from $0 on up. ...Did it occur to you to go look at the VA website? "Dependents: An exemption may be claimed for each dependent claimed on your federal income tax return. " ...Check the NJ website. They are the same rates as 2006. (There is no single rate.) ... |
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