If I made $9000 last years 1099 and if it is unemployment that was all will I still get the credit?
The earned income credit (EIC) is a tax credit for certain people who work and have earned income within certain requirements depending on if you have children and your income. The first $2,400 of unemployment compensation is not taxable, so it doesn't affect your taxes in any way. Above $2,400, it is taxable and increases your AGI (adjusted gross income). ChaCha!
Answered by Scott D. -
Related Questions
-
We are already working on that Question for you and will send...
-
We are already working on that Question for you and will send...
-
How much will I get back in taxes if I made $9000 in one year with 2 kids?
In order to tell you how much you will get back, we need to k...
-
If I have a 1099 and made $ 9000.00 with 2 dependents will I get a tax return or have to pay taxes?
Here is a link to calculate your taxes: http://www.irs.gov/in...
-
Since 900 pi inches is the total distance traveled, each revo...
Comments