Rules for All Taxpayers
Rules EITC Taxpayers must meet to Qualify
What is AGI Limit, Valid SSN, Married Not Filing Jointly, U.S. Citizen or Resident Alien, Cannot file form 2555, Investment Income Limit
Three rules with a Qualifying Child
What is Qualifying Child Test, Qualifying Cannot be used more than once, and Taxpayer cannot be a qualifying child
Rules to claim EITC without a qualifying child
What is Age Requirements, Cannot be a dependent, cannot be a qualifying child, and residency requirements
Date IRS starts to release EITC refunds
What is February 15
Personal Information Required on 1040 for Taxpayer
What is Name, Identifying Number, and Address
Earned Income for EITC
What is Wages, Salaries and Tips; Other Taxable employee pay; Net earning from Self-Employment
Test used for Dependent Qualifying Child but not for Qualifying Child for EITC
What is Support Test
Age of Taxpayer for Childless EITC
What is at least 25 but under 65 at the end of the year
Worksheet used to calculate EITC for Taxpayers that are Self-Employed
What is worksheet B
The Five Filing Statuses
What is single, Married Filing Joint, Married Filing Sperate, Head of Household, and Qualifying Surviving Spouse
US Citizen Taxpayer with a Valid SSN who is filing a joint return with their spouse who does not have a valid SSN
What is not eligible to claim EITC
What is lived in the U.S at least 6 months
What is having a qualifying child but choosing not to claim them
Schedule used when claiming EITC with a child
What is Schedule EIC
General Test For Dependency
What is Dependent Taxpayer Test, Joint Return Test, and Citizen or Resident Test
Pension Income
What is not Earned income
Exception for Residency Test
What is Military personnel stationed outside of the U.S
Michelle (27) is a full-time student and earned $5,000 from her part-time job. She lived alone in the U.S. and provided more than half of her own support. Michelle has a son who lived with Michelle's father all year.
What is Michelle can claim the EITC under the rules for taxpayers without a qualifying child.
Bruce (30, valid SSN) is U.S. citizen who lived in the U.S. all year. He does not have any
qualifying children for the Earned Income Tax Credit (EITC). His filing status is Single, and the wages reported in his W-2, Box 1, are $11,274. His investment income is $2 from taxable interest. Bruce has no other income and no adjustments to income. What is Bruce’s earned income for the EITC?
What is $11,274
What is generally used to determine filing requirements for taxpayers
What is Marital Status, Age, Blindness, and Income
Nontaxable Combat Pay for Military Personal
What is Earned Income
Qualifying Child of more than one taxpayer for EITC
What is they may choose who claims EITC and all benefits without tie breaker rules
MFJ return one spouse is 24 and the other is 25
What is they qualifying for EITC without a qualifying child
Bruce (30, valid SSN) is U.S. citizen who lived in the U.S. all year. He does not have any
qualifying children for the Earned Income Tax Credit (EITC). His filing status is Single, and the wages reported in his W-2, Box 1, are $11,274. His investment income is $2 from taxable interest. Bruce has no other income and no adjustments to income. Is Bruce required to file Schedule EIC, Earned Income Credit?
What is No
Child Tax Credit is what type of credit
What is Non Refundable