Question

List the rules that apply to taxpayers with a qualifying child in order to claim the EIC?

Answer 1

Solution : Rules to claim the Earned Income Credit with a qualifying child you must:

• Have earned income; and
• Have been a U.S. citizen or resident alien for the entire tax year; and
• Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and qualifying children on your return; and
• Not have investment income exceeding $3,450; and
• Not be filing a Form 2555 or 2555-EZ; and
• File a return with the Single, Married Filing Jointly, Head of Household, or Qualifying Widower filing status, even if you're not required to file a return.

• both your earned income and Adjusted Gross Income (AGI) may not exceed $39,617 if you're claiming 1 qualifying child ($45,207 if filing jointly)