Eitc Tax Year 2009
August 31st, 2010
Eitc Tax Year 2009
Question: Would we qualify for the earned income tax credit this year 09?
My husband and I file married filing jointly. We have 6 children and had a decrease in my income for 2009 by 1/2 of what I made last year. Would we qualify for the EITC? Our income currently is around 35,000.
Answer: If any of those children are under 19 (or under 24 and in school), yes. Not as much as some people will get, but yes.
If any of the children are under the age of 17, they qualify you for the additional child tax credit. At income of $35000, you could be eligible for the credit on 4-5 of the children.
In higher income years, the child tax credit of $1000 reduces your tax bill. This year your tax bill is $0, so the $1000 moves to the Additional Child Tax Credit, which like EIC is refundable.
Earned Income Tax Credit
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