What do I need to do to qualify for the earned income tax credit?
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Tax Professional Answers
William Keats
The EIC is basically a refundable tax credit for low-income earners. It is based on earned income: wages, self-employment income, combat pay, disability pay, . Taxpayers with investment income of more than $3200. cannot take the credit. It is based on 12 months of income, unless T/P died during the year.
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557 weeks ago