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Question about EIC/EITC...please help!

Anonymous
Posted by Anonymous
  • 8 Replies
We're trying to do our taxes, but we're a little confused about the EIC. Does anyone know, is the income limit based on your income before or after all your deductions are considered?

We are over the limit if we just go by adding up all the totals on our W2s, but we'd be eligible for it if our deductions were taken out. Thanks!
Posted by Anonymous on Feb. 10, 2013 at 9:39 PM
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Replies (1-8):
hddcooper
by Gold Member on Feb. 10, 2013 at 9:40 PM
I think before , bump
Posted on CafeMom Mobile
Anonymous
by Anonymous 2 on Feb. 10, 2013 at 9:42 PM
If you are doing your taxes yourself then you should be able to file out a few questions and it will till you of you are eligible.
Anonymous
by Anonymous 1 - Original Poster on Feb. 10, 2013 at 9:44 PM
Is that for online?


Quoting Anonymous:

If you are doing your taxes yourself then you should be able to file out a few questions and it will till you of you are eligible.

Val99
by on Feb. 10, 2013 at 9:46 PM

If you do it yourself there is a worksheet you fill out.



Quote:

Rule 1 Adjusted Gross Income (AGI) Limits

Your adjusted gross income (AGI) must be less than:

$45,060 ($50,270 for married filing jointly) if you have three or more qualifying children,

$41,952 ($47,162 for married filing jointly) if you have two qualifying children,

$36,920 ($42,130 for married filing jointly) if you have one qualifying child, or

$13,980 ($19,190 for married filing jointly) if you do not have a qualifying child.

Adjusted gross income (AGI).  AGI is the amount on line 4 of Form 1040EZ, line 22 of 

Form 1040A, or line 38 of Form 1040.

If your AGI is equal to or more than the applicable limit listed above, you cannot claim the 

EIC. You do not need to read the rest of this publication.


Anonymous
by Anonymous 1 - Original Poster on Feb. 10, 2013 at 9:48 PM
Oh. Does it come with the booklet? I haven't seen anything...


Quoting Val99:

If you do it yourself there is a worksheet you fill out.


Anonymous
by Anonymous 2 on Feb. 10, 2013 at 9:48 PM
Yes if you do them online.

Quoting Anonymous:

Is that for online?




Quoting Anonymous:

If you are doing your taxes yourself then you should be able to file out a few questions and it will till you of you are eligible.

Val99
by on Feb. 10, 2013 at 9:49 PM



Look at:

Adjusted gross income (AGI).  AGI is the amount on line 4 of Form 1040EZ, line 22 of Form 1040A, or line 38 of Form 1040.

Quoting Anonymous:

Oh. Does it come with the booklet? I haven't seen anything...


Quoting Val99:

If you do it yourself there is a worksheet you fill out.



CrazyLife1996
by on Feb. 10, 2013 at 9:49 PM
Before deductions don't matter


Quoting Anonymous:

Is that for online?




Quoting Anonymous:

If you are doing your taxes yourself then you should be able to file out a few questions and it will till you of you are eligible.


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