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To qualify for and claim the Earned Income Credit you must: Have earned income. Have been a US citizen or resident alien for the entire tax year. Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and any qualifying children on your return. Not have investment income exceeding $11,000.
by TurboTax• 71• Updated 1 month ago. Where can I claim the Earned Income Credit? We'll automatically figure out if you qualify for the Earned Income Credit and include it in your tax return for you. To find out if you qualify, go to Earned Income Credit. You must sign in to vote.
You’ll need to check your 1040 form to know if you’ve claimed either or both of the credits. It'll be on Earned Income Tax Credit (EITC) line 27, Additional Child Tax Credit (ACTC) line 28. Select your product below to find your 1040 form: TurboTax Online. If your TurboTax navigation looks different from what’s described here,
If it appears that you’re eligible for EIC for tax year 2021, according to the Earned Income Credit Worksheet (CP 27), You should fill it out and mail it as requested in the IRS’ letter. Since the form only addresses eligibility for the credit, as opposed to the computation of the credit, you should also attach a letter asking the IRS to ...
To count as a qualifying child for EIC, your child must have a valid Social Security number (not an ITIN). They must also: Be your child (including legally adopted), stepchild, eligible foster child, sibling, half-sibling, step-sibling, or a descendant of any of them (for example, your grandchild or niece); and.
February 7, 2023 4:34 PM. Earned Income Credit—-the rules are back to the “old” rules—. Those under 25 and over 65 without children are not eligible as they were uniquely in 2021. And you cannot use your income from any earlier tax year to get the EIC for a 2022 return. There is no “lookback” for 2022.
The most common reasons people don't qualify for the Earned Income Tax Credit, or EIC, are as follows: Their AGI, earned income, and/or investment income is too high. They have no earned income. They're using Married Filing Separately. Their dependent doesn't meet the qualifying child criteria (if claiming one).
1 Best answer. Vanessa A. Expert Alumni. If you do not visit that section in TurboTax, you will not get the credit. If you do happen to go through it and get the credit, you can click Tax Tools>>Tools>>Delete a Form>>Delete next to Schedule EIC to remove it from your return. No, you do not have to respond to the letter telling you that you are ...
Earned Income Credit letter from IRS. Just received a letter from IRS stating "You may be eligible for a refund of up to $1502" for the Earned Income credit . They even sent me a Form 15112 to file out and submit. I have already file my federal return electronically thru TurboTax. On my return, TurboTax only asked me one question to see if I ...
You do not qualify for the Earned Income Credit (EIC) unless you have earned income and meet all the other EIC qualifications. Being unemployed, not working, and/or not meeting the filing threshold automatically disqualifies you from the EIC. TurboTax handles the behind-the-scenes calculations so you don't have to.