Web10 jan. 2024 · In order to qualify for any amount of the Earned Income Credit, if the taxpayer doesn’t have a qualifying child, they must be 25-64 years old at the end of the year. If filing MFJ, only one spouse needs to meet the age requirement. Prior year information: Electing to use prior-year earned income WebIf the result is less than zero, enter it in parentheses. Enter “Notice 2014-7” and the nontaxable amount on the dotted line next to line 8. For more information about these payments, see Pub. 525. For tax 2024, if a person received w-2 with $0 in box 1 (Wages, tips, compensation) and box 2 federal tax is also $0 due to "excluded income ...
Can I claim earned income credit with no income?
Web25 jan. 2024 · Your tax year investment income must be $3,650 or less for the year, and you must not file form 2555, Foreign Earned Income or form 2555-EZ, Foreign Earned Income Exclusion. You must have... Web1 aug. 2024 · The earned income tax credit, also known as the EITC or EIC, is a refundable tax credit for low- and moderate-income workers. For the 2024 tax year, the earned income credit ranges from $1,502 to $6,728 depending on tax-filing status, income and number of children. In 2024, the range is $560 to $6,935. drew arellano motorcycle
California Earned Income Tax Credit FTB.ca.gov
Web7 dec. 2024 · 12-07-2024 09:43 AM So Ive got a client that gets paid over $40,000 by IHSS as part of a Medicad waiver program to care for her disabled son. This is her only income. She gets a W2 with the 40k in wages in box 1 and I make the adjustment on Line 21 to exclude the wages per the notice 2014-7. Web29 apr. 2024 · IHSS providers may be eligible for $1200 tax credit April 29, 2024 Taxes are due soon, and IHSS providers may qualify for a $600 or $1200 tax credit through the Golden State Stimulus . The deadline is May 17th for providers who are eligible to … Web15 mei 2024 · The IRS protested that the taxpayers should not be allowed a double benefit by obtaining an earned income tax and refundable child tax credit, as there is no statutory provision evidencing that Congress intended recipients of … dreward referral code