what are the requirements to claim the earned income credit?
243846
['You must have resided in the United States for more than half the year.', 'No one can claim you as a dependent or qualifying child on his or her tax return.', 'You must be at least 25 but under 65 at the end of the year.']
705702
Answer: If they otherwise meet all of the requirements to claim the earned income tax credit (EITC), unmarried parents with a qualifying child may choose which parent will claim the credit. If there are two qualifying children, each parent may claim the credit based on one child.
826258
Here are some quick facts about the Earned Income Tax Credit (EITC or EIC): For the 2020 tax year, the earned income credit ranges from $538 to $6,660 depending on your filing status and how many children you have. You don't have to have a child in order to claim the earned income credit.
429195
['a valid UK passport.', 'details of your Tax Credits payments.', 'a P60 from your employer for the last tax year.', 'a payslip from the last 3 months.']
563345
You need to have earned at least $2,500 to qualify for the CTC. Then it phases out for income above $200,000 for single filers and $400,000 for joint filers. If your earned income is above the applicable threshold, you will get a partial credit.
1030806
['ID and Social Security number.', 'Pay stubs from the last 30 days.', 'W-2s or I-9s from the past 2 years.', 'Proof of any other sources of income.', 'Federal tax returns.', 'Recent bank statements.', 'Details on long term debts such as car or student loans.', 'Real estate property information.']
1179663
The IRS lists the "additional child tax credit" and the "earned income tax credit" as examples; if you qualify for these credits, you can receive a refund even if you paid no taxes. To claim the credits, you have to file your 1040 and other tax forms.
155992
You must have at least $1 of earned income (pensions and unemployment don't count). Your 2020 investment income must be $3,650 or less. You can't claim the earned income tax credit if you're married filing separately. You must not file Form 2555, Foreign Earned Income; or Form 2555-EZ, Foreign Earned Income Exclusion.
253079
["Dependents can have their own tax returns, and even be married, but they must not have filed a joint tax return for the year unless it's just to claim a refund.", 'They must be a U.S. citizen, U.S. national, or a resident alien.', 'They must have a taxpayer identification number.']
1293331
['Your Social Security Number (or, Your Alien Registration Number (if you are not a U.S. citizen))', 'Your federal income tax returns, W-2s, and other records of money earned.', 'Bank statements and records of investments (if any exist)', 'Records of untaxed income (if any exists)']
342334
You need to have earned at least $2,500 to qualify for the CTC. Then it phases out for income above $200,000 for single filers and $400,000 for joint filers. If your earned income is above the applicable threshold, you will get a partial credit. As a reminder, tax credits directly reduce the amount you owe the IRS.
331995
The sum you receive is determined by your income, which includes dividends. You must have a contract drawn up with your limited company to qualify for Working Tax Credit. The amount you can claim for is related to your rate of pay. A lower income will receive a higher tax credit.
281135
If you had taxes withheld from your pay, you must file a tax return to receive a tax refund. If you qualify, you must file a return to receive the refundable Earned Income Tax Credit. ... If you overpaid estimated tax or applied a prior year overpayment to this year, you must file to receive the refund.
882637
["Be at least 21 years old or 18 with either a parent's permission or a verifiable source of income. ... ", 'Have a Social Security number. ... ', 'Have a source of income. ... ', 'Have a positive credit history. ... ', 'Start earning rewards.']
713571
['Complete Income Tax Returns for past 2-years.', 'W-2 & 1099 Statements for past 2-years.', 'Pay-Check Stubs for past 2-months.', 'Self-Employed Income Tax Returns and YTD Profit & Loss Statements for past 3-years for self-employed borrowers.']
381317
If you are a nonresident alien and receive effectively connected income, you may be able to claim some of the following credits: Foreign tax credit. Child and dependent care credit. Retirement savings contributions credit.
1060406
One of the most substantial credits for taxpayers is the Earned Income Tax Credit. ... Eligibility and the amount of the credit are based on adjusted gross income, earned income and investment income. A person must be at least 25 years old and younger than 65 to qualify.