It Was Something About the 2011 EIC Table
If you meet the above requirements, look for one of the online calculators available through online tax preparation software sites that will calculate the amount you are eligible for. For example, TurboTax Online offers a free calculator.
You must meet the following requirements to be eligible for the earned income credit:
- You must be married and filing jointly, head of household, qualifying widow, or single. If married, you may not file separately.
- Qualifying children must be under 18, or full-time students.
- Household members must have valid Social Security numbers.
- You must be a U.S. Citizen.
- You must have earned income.
- You cannot be a qualifying child on someone else’s return.
If you meet the requirements for the earned income credit, look for one of the online tax calculators available through online tax preparation software sites that will calculate the amount you are eligible for.
The amount you are eligible for is determined by your income level and family size. The tax credit either increases your refund or reduces the amount of tax you owe.
Hey - so nice of you to stop by! I hope you leave a comment.